Winvia agrees £11.8m acquisition of Rev Comps

18th May 2026 11:59

(Sharecast News) - Winvia Entertainment announced an agreement to acquire the trade, business and key assets of Rev Comps for £11.8m in cash on Monday, as it looked to expand its position in the UK prize draw competition market.

The AIM-traded prize draw and online gaming business said the acquisition would be funded from existing cash resources and was expected to be earnings enhancing in the first full financial year after completion.

Rev Comps is a UK-based, family-run digital prize draw platform offering daily and scheduled draws.

For the year ended 31 May 2025, it generated revenue of more than £80m and profit before tax of around £2.1m.

Gross assets at that date were £6.5m, although Winvia said that figure included assets not being acquired as part of the deal.

The consideration would be paid in three instalments, with 45% due on completion, 34% payable after the final determination of Rev Comps' audited accounts for the year ending 31 May, and 21% deferred until the second anniversary of completion.

The sellers could also receive earnout payments based on adjusted pre-tax profit growth across the two financial years ending 31 December 2027 and 2028, compared with Rev Comps' adjusted pre-tax profit for the year ending 31 May 2026.

The earnout would be calculated at 1.5 times adjusted pre-tax profit growth above the FY26 level.

The acquisition remained conditional on Rev Comps being migrated onto Winvia's core technology platform and other customary conditions.

Completion was expected by 1 July, after which key Rev Comps management would remain with the business.

Winvia said the deal would expand its scale and customer base, add a complementary brand with established customer engagement and marketing channels, and support operational efficiencies through shared infrastructure and automation.

Chief executive Mihai Manoila said Rev Comps was "a high-quality business with a strong customer base and brand presence" and that integrating it onto Winvia's proprietary platform would "significantly enhance performance".

"The acquisition further strengthens Winvia's position as a consolidator in the UK prize draw market and supports the group's ambition to deliver sustainable, cash-generative growth for shareholders," he said.

At 1146 BST, shares in Winvia Entertainment were up 5.91% at 238.31p.

Reporting by Josh White for Sharecast.com.

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