Published On: Sun, Jul 12th, 2015

Teddy Sagi Raises Another $311 Million on London’s AIM for Market Tech

Camden Market owner has raised $642 million in six months.

Teddy Sagi PR

Teddy Sagi’s Market Tech Holdings (AIM: MKT), the owner of London’s Camden Market, has raised $311 million (£200 million) on London’s AIM. Sagi’s company has raised $642 million in six months.

On Friday, Market Tech issued 90 million shares at £2.23 per share at a market cap of $1.7 billion, after money.

The company held its IPO on AIM in December 2014 when it raised $156 million at £2 per share. The share price has risen 19% since then, during which time the FTSE 100 has risen only 2%.

In March 2014, Sagi bought Camden Market Holdings, which includes Stables Market and Camden Lock Village, for £400 million. In October, he paid a further £70-90 million to buy the adjacent Camden Lock and Buck Street. Sagi thus owns the most important four of the six sections of the market, which is the second biggest tourist attraction in London after Buckingham Palace with an estimated 40 million visitors each year. In March 2015, he bought Camden Wharf and the Interchange Building for £95million. At that time, Market Tech issued convertible bonds worth $174.4 million, which will be redeemed in March 2020 at 4.25% with annual interest of 2%.

 

Emanuel-Kronitz-and-Negev-Nosatzki

Playtech Cyprus Ltd. (LSE:PTEC), controlled by Teddy Sagi, announced that its subsidiary TradeFX will buy Israeli company Ava Trade for $105 million. Founded in 2006 by CEO Emanuel Kronitz and CMO Negev Nosatzki ,  More…

Teddy Sagi

– – Teddy Sagi’s SafeCharge International (LSE: SCH), a global provider of payment services for online and mobile businesses since 2007, has won two prestigious awards for the categories Payments More…

Teddy Sagi PR

Israeli billionaire Teddy Sagi‘s Playtech Plc acquires retail forex trading company Plus500 for about $670 million, in cash, a price way below its $1.31 billion pre-crisis value. Israel-based but London-listed More…

Teddy Sagi PR

Media reports have revealed that Israeli billionaire Teddy Sagi‘s Playtech has bought the currency trading platform AvaTrade, this according to a source with knowledge of the deal. According to Reuters, the More…

Teddy Sagi 5751)

Teddy Sagi‘s MountainPeak Trading has signed an agreement with Haselsteiner Foundation and Albona Limited to buy 24.8% stake in property group Conwert Immobilient Invest SE, at a market cap of €975 More…

Teddy Sagi

Israeli entrepreneur Teddy Sagi of Market Tech Holdings is helping Utopia Village stay open for business with a purchase the site for 44 million pounds or $65 million. Teddy Sagi already owns the main markets More…

Teddy Sagi

Teddy Sagi‘s Playtech, the gaming software giant is entering the forex market through its acquisition of TradeFX Limited, an online CFDs and binary options broker and trading platform provider. Sagi paid More…

Teddy Sagi 5751)

Teddy Sagi’s Market Tech Holdings (AIM: MKT), through which he owns Camden Market in London, is expanding its electronic operations by acquiring a controlling stake in German company glispa for €32 More…

Teddy Sagi PR

Teddy Sagi’s SafeCharge International (LSE: SCH) , a global provider of payment services for online and mobile businesses since 2007, has substantially hikes FY pretax profit to $16.3 million, from $0.45 million. More…

Teddy Sagi

By Vered Weiss On Tuesday, March 3rd, 2015

Israeli founder of Playtech, Teddy Sagi, keeps buying up space in Camden Wharf and the Interchange building in a deal worth 95 million pounds or $165 million, according to Ham&High. The purchase was made by More…

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