Enhanced Cooperative, a Danish firm recognized for crafting educational hubs within the online gaming realm, has obtained substantial financial backing to sustain its expansion-through-acquisition approach. They’ve secured a $41.3 million credit line from Nordea Bank, supplementing a separate $12.16 million loan from Danske Andelskassers Bank. This elevates their total capital accessible for upcoming acquisitions to a considerable $53.46 million.
This fiscal maneuver indicates a continuation of Enhanced Cooperative’s robust partnership with Nordea, initiated in 2017. The loan interest percentages align with typical banking standards.
Jesper Søgaard, Chief Executive Officer and originator of Enhanced Cooperative, conveyed his zeal, remarking, “We’re thriving! We effectively finalized eight acquisitions in 2017 and have already secured two acquisitions in 2018. Our objective is to fortify our standing as the leader in the European iGaming affiliate sector, and this financing provides the resources to achieve precisely that. It empowers us to sustain our momentum and assertively pursue acquisitions that will expedite Enhanced Cooperative’s triumphs.”
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