Regulatory readiness for investment, acquisitions and exits
In a licensed business, the license is often the most valuable asset and the easiest one to damage in a deal. We run the regulatory side of fundraising, acquisitions and sales, from due diligence to the regulator notifications a change of control requires.
The regulatory side of the deal
Regulatory due diligence
License status and validity, reporting history, compliance breaches, technical integrations and fit-and-proper checks on owners.
License transfer planning
How the license survives the transaction: share deal or asset deal, regulator approvals and notifications, timeline.
Compliance gap analysis
What a buyer or investor will find, and what to fix before the data room opens.
Positioning for fundraising
Regulatory story, structure and documents that make the business investable.
Change-of-control notifications
Ownership changes notified to the regulator within its deadlines, in Romania within 5 days for offline changes.
Confidential matching
Introductions between buyers and sellers of licensed companies, handled discreetly.
What we check in a licensed target
- License type, scope of activity, validity and renewal date
- Annual fees paid and compliance documentation filed
- Monthly reporting history and any regulator findings
- Technical certifications and integrations with operators
- Ownership chain to natural persons; source of funds and source of wealth
- Contracts with operators and suppliers, including licensing status of counterparties
- AML/KYC and responsible gambling frameworks in practice
- Bank and PSP relationships and their change-of-control terms
Licensed businesses change hands
Regulated markets reward licensed, compliant companies, and buyers increasingly acquire rather than apply. In Romania, Evoke plc acquired the Winner.ro brand in 2024 for a reported €10 million to strengthen its local presence.
For buyers, an acquisition can be faster than a new application. For sellers, a clean compliance record and organized documents decide both price and timeline.
Frequently asked questions
Can a gambling license be transferred to a buyer?
In most regimes the license stays with the licensed company and cannot simply be assigned. A share sale changes control of that company and must be notified to, or approved by, the regulator. We plan this before signing.
Is buying a licensed company faster than applying?
Often, yes, if the target is in good standing. The buyer still passes the regulator’s fit-and-proper review, so we check that early.
How do you keep a sale confidential?
Mandates are handled one-to-one with named contacts. Buyers receive information in stages, after signing a non-disclosure agreement.
Protect the license through the deal.
Answer a few questions and get your roadmap. Our team replies within 24 hours.