Better Collective, a leading digital sports media group, has successfully completed the acquisition of Playmaker Capital, a Toronto-based digital sports media group. This acquisition marks Better Collective’s second-largest acquisition to date. The deal involved the acquisition of all of Playmaker Capital’s issued shares for a consideration of CAD 0.70 per share, with the payment being made in both cash and Better Collective shares.
As a result of the acquisition, Playmaker Capital’s common shares are set to be delisted from the TSX Venture Exchange, and the company will apply to cease to be a reporting issuer. Additionally, Better Collective’s board has decided to increase the company’s share capital with a total of 1,755,429 new ordinary shares.
Playmaker Capital will be consolidated into Better Collective’s financials as of February 6, and the company has updated its long-term financial targets for 2027. The revised targets include a revenue CAGR of +20% and a net debt to EBITDA ratio below 3x. The acquisition of Playmaker Capital has increased Better Collective’s confidence in reaching the revenue CAGR target.
Furthermore, Better Collective updated its EBITDA margin before special items guidance from 30-40% to 35-40%. Jesper Søgaard, Better Collective’s co-founder and CEO, expressed his excitement about the completed deal, stating that it is an important step towards the company’s vision of becoming the leading digital sports media group.
Jordan Gnat, Playmaker Capital’s co-founder and CEO, also expressed his excitement about the deal and thanked the Better Collective team for their confidence in Playmaker Capital. He also thanked the Playmaker shareholders for their support and expressed his anticipation for their continued support of Better Collective.
With Playmaker Capital now under its wing, Better Collective remains optimistic about meeting its long-term targets and continuing its strong financial performance. The company is confident in the synergies that lie ahead for its business and looks forward to the next phase of its journey as the leading digital sports media group.