Book a callReadiness

Investors & search fund

Looking for an operator to back in Africa?

Our search fund division finds, checks and introduces operators across African gambling, payments and consumer markets. Same field network, pointed at deal flow.

How we work

Origination, diligence and the year after the deal.

The same field network that runs market entry, pointed at deal flow — so what you get is checked in person rather than pulled from a database.

Talk to the search fund teamI’m an operator raising →
  1. 01

    Origination

    Live pipeline across 17 markets. Sourced in person.

  2. 02

    Field diligence

    Licence, payments, agents, real player numbers. Checked on the ground.

  3. 03

    Post-deal support

    We stay in market with you and the operator for year one.

  4. Minority and control positions. Introductions only with the operator’s consent.

Current deal flow

Licences and businesses for sale right now.

  • RF-0421 · Southern Africa

    live

    Fantasy & jackpot · Tote licence · MER

    Fantasy & jackpot operator

    Ask
    £2.0m
    Structure
    70% + growth
    Stage
    B2B live · B2C next
    Licence
    Tote
    Revenue
    B2B live
    Request the teaser →

  • RF-0388 · Southern Africa

    live

    Sportsbook · Botswana

    Licensed sportsbook

    Ask
    £1.4m
    Structure
    100% sale
    Stage
    Trading
    Multiple
    12x
    Licence
    Transferable
    Request the teaser →

  • RF-0402 · Central Africa

    live

    Sportsbook · Cameroon

    Retail sportsbook

    Ask
    £3.5m
    Structure
    Majority sale
    Stage
    Profitable
    Retail points
    250
    Mobile money
    80%
    Request the teaser →

  • RF-0409 · Central Africa

    live

    Sportsbook & lottery · DR Congo

    Sportsbook & lottery, 5 provinces

    Ask
    £4.8m
    Structure
    Majority or full
    Stage
    Growing
    Cash agents
    2,400
    Mobile money
    70%
    Request the teaser →

  • RF-0377 · Southern Africa

    live

    Sportsbook & casino · 3 countries

    Multi-country operator, strong VIP book

    Ask
    £9.0m
    Structure
    20% stake
    Stage
    Established
    Countries
    3 live
    Channels
    Retail + online
    Request the teaser →

  • RF-0415 · East Africa

    coming soon

    Payments · Kenya · Uganda

    Gaming payments aggregator

    Ask
    US$4.0m
    Structure
    Growth round
    Stage
    Revenue live
    Rails
    M-Pesa · Airtel · cards
    Volume
    US$10m+ / month
    Request the teaser →

  • RF-0362 · West Africa

    under offer

    Casino licence · Ghana

    Online casino licence + entity

    Ask
    £550k
    Structure
    Full sale
    Stage
    Licence only
    Regulator
    Gaming Commission
    Time to live
    Months
    Request the teaser →

Indicative and anonymised. Full teasers and data rooms after an NDA. Figures supplied by sellers and checked by RIACT in market where stated.

List your business or licence →

Licences we can secure

Need a licence, not a business? We do that too.

Not sure if the timing is right? Answer five questions and find out.

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