Acquiring Company
Candle Lake Ltd
Acquired Company
Evolution Malta Holding Limited
Cayman Islands
Las VegasGamingGamblingGamingGamblingDescription
Kenny Dart's Candle Lake Ltd. has raised its stake in Evolution above 30%, triggering a mandatory takeover bid under Dutch law. The bid must match the highest-priced shares purchased in the last six months. If successful, the acquisition could take Evolution private, amidst ongoing challenges including a high-profile lawsuit. Markets have reacted positively, with Evolution's shares surging after the news.
M&A Insights
Based on deal dataFrequently asked
Who acquired Evolution Malta Holding Limited?
Evolution Malta Holding Limited was acquired by Candle Lake Ltd, based in Cayman Islands. The deal was reported on July 27, 2026. Candle Lake Ltd. is an investment company based in the Cayman Islands. It primarily focuses on acquiring significant stakes in companies. The firm has a vested interest in the gambling sector. Candle Lake Ltd is privately held and operates in Gaming.
When did Candle Lake Ltd acquire Evolution Malta Holding Limited?
Candle Lake Ltd's acquisition of Evolution Malta Holding Limited was reported on July 27, 2026. Kenny Dart's Candle Lake Ltd. has raised its stake in Evolution above 30%, triggering a mandatory takeover bid under Dutch law. The bid must match the highest-priced shares purchased in the last six months. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Evolution Malta Holding Limited do?
Evolution develops, produces, markets and licenses fully-integrated B2B Live Casino solutions to gaming operators. Since its inception in 2006, Evolution has become a leading provider with over 800 operators among its customers. It is publicly traded (EPM), operating in Gaming, and is based in Las Vegas.