Deepseek research says past strategy by Novomatic.
But given Ainsworth share price $1-1.2.
In the case of **Alfastreet**, a Croatian gaming technology company known for its electronic roulette and other gaming products, Novomatic followed its typical strategy of gradually increasing its stake before achieving a full takeover. Here's a timeline of Novomatic's involvement with Alfastreet:---### **Timeline of Novomatic's Acquisition of Alfastreet**1. **Initial Investment (2011)**: - Novomatic acquired a **significant minority stake** in Alfastreet, reportedly around **30%**, in 2011. - This initial investment allowed Novomatic to establish a strategic partnership with Alfastreet and integrate its products into Novomatic's global portfolio.2. **Majority Stake (2014)**: - By 2014, Novomatic increased its ownership to a **majority stake** (over 50%). - This gave Novomatic operational control over Alfastreet, enabling deeper integration of its products and technologies.3. **Full Takeover (2017)**: - Novomatic completed the **full takeover** of Alfastreet in 2017, acquiring 100% of the company. - The full acquisition allowed Novomatic to fully align Alfastreet's operations with its global strategy and expand its product offerings in the electronic roulette and gaming technology markets.---### **Key Takeaways** - **Timeframe**: It took approximately **6 years** (from 2011 to 2017) for Novomatic to move from an initial large minority stake to a full takeover of Alfastreet. - **Strategy**: Novomatic followed its typical pattern of gradually increasing its stake, gaining control, and then fully acquiring the company once it proved strategically valuable.This gradual approach allowed Novomatic to assess Alfastreet's performance, integrate its products, and ensure alignment with its long-term goals before committing to a full takeover.
Unfortunately, specific financial details about the prices Novomatic paid for its stakes in **Alfastreet** at each stage (initial investment, majority stake, and full takeover) are not publicly disclosed in great detail. Novomatic, like many private companies, does not always release comprehensive financial information about its acquisitions, especially for smaller or privately held companies like Alfastreet.
However, I can provide some context based on Novomatic's typical acquisition patterns and available information:
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### **1. Initial Investment (2011)**
- Novomatic acquired an **initial minority stake** (around 30%) in Alfastreet in 2011.
- While the exact price is not publicly available, Novomatic's initial investments in similar-sized gaming technology companies typically range from **€10 million to €30 million**, depending on the company's valuation and market position.
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### **2. Majority Stake (2014)**
- By 2014, Novomatic increased its stake to a **majority ownership** (over 50%).
- The price for increasing its stake would have been based on Alfastreet's valuation at the time, which likely grew due to its success in the electronic roulette and gaming markets.
- Estimates suggest that Novomatic may have paid an additional **€20 million to €50 million** to acquire the majority stake, but this is speculative.
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### **3. Full Takeover (2017)**
- Novomatic completed the **full acquisition** of Alfastreet in 2017, acquiring 100% of the company.
- The total valuation of Alfastreet at the time of the full takeover is not publicly disclosed, but it is likely that Novomatic paid a premium to acquire the remaining shares.
- Based on Novomatic's acquisition patterns, the full takeover could have been in the range of **€50 million to €100 million**, depending on Alfastreet's financial performance and market position.
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### **Key Considerations**
- Novomatic's acquisitions are often strategic, focusing on long-term synergies rather than short-term financial gains.
- The prices paid at each stage would have been influenced by factors such as Alfastreet's revenue, profitability, intellectual property, and market potential.
- Without official disclosures, the figures mentioned above are estimates based on Novomatic's historical acquisition patterns and the gaming industry's valuation trends.
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If you need precise financial details, you may need to consult Novomatic's internal reports (if available) or industry analysts who specialize in gaming sector mergers and acquisitions.
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