Catena Media names Carnegie Investment Bank as its financial advisor
The two will work together in future acquisition conversations with third-party buyers.
Catena Media has selected Carnegie Investment Bank AB as its financial advisor. Carnegie will assist Catena Media by “assessing strategic options” and hold conversations with various third parties that are interested in acquiring part or all the group’s remaining assets.
Catena Media provides leads to online casino and sports betting operators, as well as to financial trading platforms. The ‘super affiliate’ is committed to offering its players quality products through its customer websites and web-based affiliation brands.
The group said in an official statement: “As communicated in the strategic review that was announced in May 2022 and expanded in August 2022, the group continues to streamline the business to focus on the fast-growing, regulated North American market.
“As announced on 15 December 2022, third parties have shown interest in acquiring other assets as part of this process, and the group continues to evaluate the divestment of such. During these discussions, third parties have also shown interest in acquiring all the remaining assets of the group in a strategic transaction or through a public tender offer for the group.”
According to Catena’s Board of Directors, the company has not received any firm or indicative asset bids at this time.
Carnegie Investment Bank AB was founded in 1803, is based in Sweden and has grown throughout the Nordic region since its establishment.
The financial services group specializes in both private and investment banking, along with securities brokerage activities. The group has offices in Stockholm, as well as in New York and London.
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