M&A advisory services in Malta
Malta is a high-activity M&A jurisdiction for iGaming, crypto-asset services and regulated fintech, with consistent deal flow from large listed operators consolidating licensed platform assets.
GiG's strategic asset sales, Kindred Group's portfolio activity and the consolidation patterns across Betsson Malta and Casumo have established Malta as an active secondary market for regulated technology businesses.
Flow advises both bootstrapped and venture-backed Maltese operators through their exit - bringing a strong network of PE and strategic acquirers with iGaming and regulated fintech coverage, a lean end-to-end process and KPI-driven preparation tailored to the metrics that licensed gaming and fintech buyers prioritise.
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Malta tech M&A deals in the last 12 months
$4.9B
Malta median tech M&A valuation
13x
Malta median tech M&A revenue multiple
$9.7B
Malta biggest tech acquisition in the last 12 months
Selling your tech company in Malta
Maltese M&A involves disproportionate cross-border activity given the country's role as an international structuring hub. Most material Maltese exits involve UK, Continental European or US buyers, with careful attention to the tax refund mechanics and the participation exemption.
Locked-box and completion accounts
Maltese private M&A uses both locked-box and completion accounts. The international nature of most Maltese deals means English-law-influenced mechanics are common; choice typically driven by buyer preference rather than local convention.
W&I insurance is common
Warranty & indemnity insurance is standard in Maltese deals above roughly €15M, particularly given the international nature of most transactions. Premiums (around 1-1.5% of cover) typically split between buyer and seller.
FDI screening
Maltese FDI screening requires notification of acquisitions by non-EU investors of Maltese companies in sensitive sectors - defence, dual-use, AI, critical infrastructure. Adds notification time and conditions to scoped transactions.
Capital gains for founders
Capital gains tax treatment for Maltese share disposals depends on the residence of the seller, the nature of the underlying assets and the structure of the company. Specific exemptions can apply to disposals of shares in foreign-resident participations. Worth careful pre-clearing with a Maltese tax advisor on material exits.
Participation exemption
Sales of shares by a Maltese corporate seller in qualifying participations can be exempt from Maltese tax under the participation exemption - typically requires substantial holding (5%+ or €1.16M+) and the subsidiary being a qualifying entity. Often drives whether a transaction is share or asset-structured.
Merger control
Malta Competition and Consumer Affairs Authority (MCCAA) reviews transactions where parties' combined Maltese turnover exceeds €2.33M and at least one party has Maltese turnover exceeding €700k. Most tech deals don't trigger.
Recently acquired tech companies in Malta
Biggest M&A recently in Malta was a $9.7B acquisition of Tipico Group by Banijay Group in October 2025.
See all M&A deals in Malta| Logo | HQ | Description | Buyer | ||||
|---|---|---|---|---|---|---|---|
Oct-25 | Tipico Group | | Tipico Group is a Malta-headquartered online sportsbook and casino operator active in 12 European countries plus US states like New Jersey and Colorado. Founded in 2004 with 2,000 employees, it delivers betting on 35 sports via web, iOS, and Android apps, including live wagering on Bundesliga soccer and NBA games. The company runs 300 retail shops in Germany and Austria while powering white-label platforms for partners. Tipico's casino portfolio spans 2,500 slots and live blackjack tables from Playtech, with withdrawal times under 24 hours via Skrill and Visa. | Banijay Group | $9.7B | 13x | |
Dec-25 | Komodo Platform | | Komodo Platform secures cryptocurrency transactions with Zcash Zero-Knowledge proofs and Bitcoin-backed delayed Proof of Work, prioritizing anonymity and security. | Gleec BTC | $24M | - | |
Apr-26 | Sambafoot | | Sambafoot provides football news and content in Portuguese, Spanish, English, and French. | Odds Scanner | - | - | |
Oct-25 | sign.mt | | - | Nagish | - | - | |
Jul-25 | Fortytwo | | Fortytwo is a provider of global mobile messaging platforms enabling businesses to send SMS, MMS, RCS, and voice broadcasts compliant with regional regulations. Its API supports automated customer notifications, two-way chats, and campaign analytics for e-commerce and banking sectors across Europe and Asia. | Spectral Capital | - | - |
Who is buying tech companies in Malta?
Nagish, Gleec BTC and Banijay Group are the most active acquirers in Malta.
See all acquirers in Malta| Logo | HQ | Description | Key acquisitions | ||
|---|---|---|---|---|---|
Nagish | | Nagish is a Tel Aviv-based communication platform that provides real-time captioning and transcription for phone calls and videos, making interactions accessible for deaf and hard-of-hearing users. The service uses AI to generate live subtitles in multiple languages, integrated with standard calling apps. Launched in Israel, it expands globally to enhance inclusivity in personal and professional conversations. | sign.mt | 1 | |
Gleec BTC | | - | Komodo PlatformBlocktane | 1 | |
Banijay Group | | Banijay Group NV media and entertainment company. It has over 130 production companies across 23 territories, a multi-genre catalogue boasting over 185,000 hours of original standout programming, and a complementary live entertainment business. | Tipico GroupAll3MediaWerktitel+1 | 1 | |
Spectral Capital | | Spectral Capital Corp is engaged in the identification, acquisition, development, and financing of technologies. The company seeks for technology that can be protected by patents or laws regarding trade secrets. Its portfolio includes two technology companies, namely Noot and Monitr. Noot is a mobile technology that utilizes proprietary search engine technology for mobile devices which helps to find news, social media, photos, and videos of interest. Monitr is a technology and financial data services company. It leverages cloud computing, data, and software to analyze the financial markets. In addition, it also specializes in the analysis of news, opinion, and social media to determine the aggregate sentiment and trends of equities, commodities, and currencies across different countries. | FortytwoIntermaticaTelvantis Voice Services+2 | 1 | |
Odds Scanner | | - | Sambafoot | 1 | |
Deloitte Malta | | - | iMovo | 1 | |
BMIT Technologies | | BMIT Technologies PLC, through its subsidiaries, is involved in providing data center services, Information and Communication Technologies, Cloud services, and support services among others. The company serves services to various industries including online gaming, financial services, ICT, manufacturing, media, transportation, retail, and hospitality. The two reportable segments consist of the Data Centre Services segment and the Mobile Network Towers segment. The Group’s revenues are derived predominantly from operations carried out in Malta. | 56Bit | 1 | |
Française des Jeux | | Française des Jeux is a Paris-headquartered operator of lotteries and sports betting services across France. It manages national draws including Loto and EuroMillions through retail networks and digital channels. The company also runs ParionsSport for fixed-odds wagering on sports events and operates online poker via PokerStars France following regulatory approvals. | Kindred GroupPremier Lotteries Ireland | 1 | |
Leovegas | | LeoVegas is a Sweden-headquartered online gaming company specializing in mobile casino and sports betting under the LeoVegas Group, listed on Nasdaq Stockholm. Operating in regulated markets across Europe and North America, it features games from providers like NetEnt, Play'n GO, and Evolution through brands including LeoVegas, Royal Panda, and BetMGM after its integration with MGM Resorts. | Tipico Group (US sportsbook and online casino units)Push GamingExpekt+1 | 1 | |
Gamingtec | | Gamingtec is a Malta-headquartered B2B provider of iGaming software solutions including the GamMatrix platform. This white-label system supports casino, sportsbook, and payment processing for operators worldwide. Established in 2011, Gamingtec serves over 100 clients across Europe, Latin America, and Asia with turnkey and custom integrations. Its offerings encompass risk management tools, affiliate marketing modules, and multi-currency support through offices in Yerevan and Valletta. | GT Studios | 1 |
Public tech companies in Malta
Kambi Group is Malta's largest publicly listed tech company, with a market cap of $442M.
See all public companies in Malta| Logo | Description | Sectors | ||||||
|---|---|---|---|---|---|---|---|---|
Kambi Group | Kambi Group PLC is a Malta-based company engaged in the provision of managed sports betting services. It is a business-to-business provider of sports betting services to licensed gaming operators. Its services encompass a broad offering from the front-end user interface through to odds compiling, customer intelligence, and risk management, built on in-house developed software. Kambi has offices in the United States, Sweden, the Philippines, Malta, Denmark, Romania, the United Kingdom, and Australia. Geographically, the majority of its revenue is generated from the Americas. The majority of revenue is from contracts with customers for sports betting services. | $16.66 | +27.4% | $442M | $417M | 2.2x | ||
GO plc | Go PLC is an integrated telecommunications group, offering an unparalleled range of services: fixed line telephony, mobile telephony, broadband internet services, and digital television. It also provides business-related services, such as data networking solutions, business IP services, cloud services, IPLCs, and managed and co-location facilities. Its operating segment includes Malta Telecommunications Services; Data Centre Services and Cyprus Telecommunications Services. The company generates maximum revenue from the Malta Telecommunications Services segment. | $2.86 | -0.9% | $290M | $541M | - | ||
RS2 | RS2 PLC is engaged in providing Payments Software and Managed Services. It is involved in the development, installation, implementation, and marketing of computer software for financial institutions under the trademark of BankWORKS and the processing of payment transactions with the use of BankWORKS. Its segments include Licensing of the company's BankWORKS software to banks and Service providers, including maintenance and enhanced services thereto; Processing of payment transactions utilizing the group's BankWORKS software; and Merchant Solutions, which include issuing and acquiring payment solutions directly to merchants, including terminal and PSP gateway services. Its geographic segments include Malta, the United Kingdom and Ireland, the United States, and Other countries. | - | - | $86M | $96M | - | ||
GiG Software | GiG Software PLC is a B2B provider of software within the iGaming industry, offering its proprietary technical platform solutions and services tailored to casino operators through a SaaS model. The Company enables operators to design, implement, and operate online casinos through its comprehensive turn-key platform and surrounding product suite. Its products and services are iGaming Platform, Sportsbook Sweepstakes Omnichannel, Managed Services, and others. | $0.230 | -64.1% | $37M | $34M | 0.7x | ||
Catena Media | Catena Media PLC is a European company engaged in performance marketing and lead generation on the Internet. Catena Media is active within the iGaming and Financial Services industries. The group operates in the following segments: Casino and Sports. The group attracts end-users and generates revenue by using three primary online marketing methodologies, namely, Generating organic traffic by search engine optimization (SEO), including acquisitions; Paid media by using pay-per-click (PPC) media channels; and Providing website users a slimmed-down version of content through subscriptions. | $0.270 | +58.1% | $20M | $4.5M | - | ||
Raketech Group Holding | Raketech Group Holding PLC is a marketing tech company that combines performance marketing and traditional performance-based affiliation. It offers a wide portfolio of advertising space and data analysis tools to allow advertisers to maximise the value of their media spend. Its customers range from sports streaming providers and game studios to international betting and casino operators. The company focuses on generating high-quality leads and targeted advertising space by providing relevant and engaging content to users interested in sports, casino, and betting. Raketech also offers its services through sub-affiliation and provides tailored sports data insights, analytics, and predictions directly to consumers. | $0.195 | -33.8% | $8.8M | $6.0M | 0.2x | ||
River Tech | River Tech PLC is a technology company. The company offers business-to-business technology products. The company is involved in high-quality software, technology, and platform services, developing and assisting companies with specialist competencies by providing secure and tailormade yet user-friendly solutions for the delivery of services within the online sphere. | $0.151 | -90.1% | $3.1M | $1.3M | - |
Why Flow Partners as your M&A advisor
Access to relevant buyers
We have extensive network and direct access to world's most prominent financial and strategic buyers, cultivated through years of successful M&A track record across bulge bracket investment banking.
No corporate red tape
We run lean deal processes, without BS, unnecessary time-wasting efforts and corporate inefficiencies. Our approach values candor, transparency and high-impact work to make sure great deals get done.
Thorough preparation
KPI-driven storytelling is more art than science. We have unmatched understanding of digital businesses and are experts in building sharp equity stories that present your business in a clear, concise manner.
Optimize value, not valuation
Valuation is only one side of the medal. We help creating attractive and efficient transaction structures that bridge incentive gaps between sellers, buyers and management teams.
We provide M&A advisory services across Malta and beyond
Sector expertise
Explore our M&A advisory offering across a variety of tech sectors in Malta.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've closed sell-side and buy-side transactions across European, US and emerging-market tech.
Our M&A track record spans strategic exits to corporate acquirers, PE buyouts, and cross-border deals where regulatory and structuring complexity actually matters.
We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.
Recently completed M&A advisory projects
Selected M&A transactions and prior deal experience.
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