Clairvest invests $73.7 mln in Indian online gaming platform
Clairvest Group has invested US$73.7 million in Head InfoTech India Pvt Ltd, a Hyderabad, India gaming business. Established in 2005 by CEO Deepak Gullapalli, Head InfoTech is the operator of Ace2Three, an online skill-based gaming platform in India that provides Rummy experiences to more than 8 million customers. Clairvest's Michael Wagman said the deal will support the company's growth strategy. Head InfoTech is the Canadian private equity firm's 11th investment in the global gaming industry. In January, PE Hub Canada reported on Clairvest realizations from the sale of Cieslok Media Ltd and the refinancing of Rivers Casino.
28 April 2017•2 mins read
