Tekkorp Capital Launches Strategic Initiative To Capitalize On The Unfolding African Market

October 30, 2024 | Vendor News

London, 29th October 2024 – Tekkorp Capital, the leading global betting and gaming investment and advisory boutique, is delighted to announce Conor O’Donovan is joining to lead its African business, in response to the rapidly growing opportunities across the continent. With a decade of expertise in the African market as a prominent equity investor and several years of hands-on experience as CEO of multi-territory African betting brands, Conor’s leadership will be crucial as Tekkorp and its partners navigate and invest in this rapidly developing region.

Conor’s strategic focus will be on identifying exciting investment opportunities, while assembling an advisory and management team of leading African industry luminaries to steer investment and operational oversight. Investee companies will benefit from Tekkorp’s and its capital partners’ investment along with the decades of experience built up with some of the most successful businesses in the sector. For operators requiring more than access to capital, Tekkorp will provide comprehensive operational, technical, and strategic support, including product solutions, media partnerships, payments, and legal expertise, ensuring the full resources needed to succeed.

Conor O’Donovan, Tekkorp Capital Africa Partner, said: “Africa offers some of the most exciting growth opportunities in global gaming, with a range of attractive targets across diverse markets. At the same time, the landscape is fragmented and has its unique set of nuances and challenges. Tekkorp, alongside our strategic partners, is well-equipped to navigate these complexities and bring out the potential in strong, locally led businesses. Our goal is to turn these promising companies into regional leaders, building a diversified portfolio of high-performing, compliant brands with strong governance, unblocking the barriers to major operators investing with confidence.”

Matt Davey, Tekkorp Capital’s Founder and Chairman, commented: “It’s well-known that Africa is a high-growth market, and over the next decade we expect to see strong growth at a significant pace. This will encourage more operators to enter the space, and that’s why we believe the time is right to get ahead of the coalescing trends and create a balanced portfolio of premium African assets, underpinned by our local expertise, to best capitalise on this profitable opportunity.”

Robin Chhabra, Tekkorp Capital’s CEO, added: “Of course, we’ve long been active investors in the sports betting and gaming industry, always looking for great businesses with strong opportunities in market segments or territories we like. So, this focus on Africa is a logical extension of that philosophy. We’ve assembled a crack team, with Conor’s nous and know-how at the helm, as we explore another fragmented market rich with possibilities.”

SOURCE: Tekkorp Capital.

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