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Canadian PE firm Clairvest-controlled A23 to buy Delta’s online poker arm Adda52

VCCircle · 3m

Head Digital Works Pvt Ltd, owned by Canadian private equity firm Clairvest Group, is acquiring Delta Corp's online poker platform Adda52 in a deal valued at approximately Rs 491 crore. The transaction involves Head Digital first acquiring a 51% stake in Deltatech Gaming, which operates Adda52, followed by a merger. Delta Corp will receive a stake in Head Digital, which aims to enhance Adda52’s leading position in India's online poker market.