November 16, 2021 Legal, Partnerships, Marketing

EJT Holdings increases stake in DD3 Acquisition Corp II

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Company looking to close merger with Codere Online.

Eliot Tubis and EJT Holdings on Tuesday said they have increased their stake to more than 4% in the outstanding public warrants of DD3 Acquisition Corp II, as the company’s merger with Codere Online looks to close this week.

Codere Online is an online gaming company that primarily serves the European market but has been expanding rapidly across Latin America. Codere provides a portfolio of sports betting services and online casino games.

EJT Holdings is the family office of Eliot Tubis. The company invests in public and private companies throughout the United States, with a focus on online gaming, real estate, and growing restaurant brands through capital expansion plans and off-premises order management.

OrderSolutions, an EJT Holdings investment, is one of the fastest growing partners of global restaurants brands and is focused on helping restaurants increase their off-premises business by centralizing their takeout, pick-up, and catering orders while boosting revenue and profitability.

“We continue to be extremely bullish on both the gaming and sport betting opportunities in Latin America, as well as the Codere Online team headed by Moshe Edree,” Tubis said in a statement. “In addition, having Baron Funds committed to the PIPE gives us great confidence in the capital structure of the business post-merger.”

In September, Tubis and EJT Holdings announced the expansion of their real estate holdings along the Louisville/Elizabethtown, Kentucky, corridor with two acquisitions of Bridgestone Tires Plus, as well as a partnership with OrderSolutions in the acquisition of a new, off-premises Starbucks location in Lewistown, Montana.

OrderSolutions is the restaurant division of TSD Global, a provider of customer support and outsourced sales via contact centers.

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