Better Collective Completes Playmaker Capital Acquisition

An important step in Better Collective’s expansion plan has been reached with the completion of its acquisition of Toronto-based Playmaker Capital. Better Collective is a well-known operator in the digital sports media sector.

Better Collective has purchased Playmaker Capital, demonstrating its dedication to expansion and variety and reinforcing its standing as a major force in the field of digital sports media. This purchase, which is Better Collective’s second-largest to date in terms of valuation, demonstrates the company’s commitment to growing its market share internationally.

The transaction, valued at CAD 0.70 per share, involved Better Collective acquiring all issued shares of Playmaker Capital, utilizing a combination of cash and Better Collective shares. With the completion of this deal, Playmaker Capital’s common shares are slated for delisting from the TSX Venture Exchange, with plans to cease its status as a reporting issuer.

Financial Targets Revisited

In light of this transformative acquisition, Better Collective has recalibrated its long-term financial targets for 2027. The company’s updated goals include a revenue compound annual growth rate (CAGR) of +20%, with a focus on maintaining a net debt to earnings before interest, taxes, depreciation, and amortization (EBITDA) ratio below 3x.

Additionally, Better Collective increased the range of its EBITDA margin from 30–40% to 35–40% before to special items projection. Better Collective now has renewed confidence in its ability to meet its revenue CAGR objective following the purchase of Playmaker Capital.

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Jesper Søgaard, CEO of Better Collective and co-founder, commented on the deal’s successful completion and expressed excitement about the merged company’s future. The speaker underscored the importance of this milestone in achieving Better Collective’s goal of being the leading digital sports media organization.

Jordan Gnat, co-founder and CEO of Playmaker Capital, echoed this attitude when he praised the purchase as a turning point in the development of the business. He thanked the Better Collective team and the shareholders of Playmaker for their continuous support, highlighting their shared commitment to breaking new ground in the world of digital sports media.

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