Beach Point Capital Announces Private Credit Investment in GAN
Beach Point Capital Management LP, a private credit-focused investment manager, announced a $30 million private credit investment in GAN Limited, a leading full-service internet gaming software-as-a-service provider.
GAN operates a North American B2B technology offering for real money internet gaming solutions and an International B2C operation for internet casino and sports betting. Beach Point’s investment will help GAN develop proprietary gaming content, facilitate new B2B contracts, and expand into new markets.
“GAN is at the forefront of online gaming and sports betting technology and we’re excited to support their expansion. Innovative firms like GAN will continue pushing the limits of gaming technology and we are committed to being a part of that,” Brian Himot, Portfolio Manager at Beach Point, said.
“This transaction enhances our ability to invest in market-leading technology and create shareholder value. The Beach Point team has a deep knowledge of our industries and we are pleased to work with them on furthering our mission for years to come,” Dermot Smurfit, CEO of GAN, said.
