| November 14, 2016 | Gaming software development company Playtech has agreed to buy Consolidated Financial Holdings for up to $120 million– a deal it said will enhance its position as it continues to build a B2B offering in its financials division. Playtech is controlled by self-made Israeli billionaire Teddy Sagi and the acquisition will be made in two stages, as is customary with Playtech. CFH Clearing was founded in 2008 and is part of CFH – an investment group founded by two leading UK private equity funds. CFH Clearing has about 100 employees, including a 70-person IT staff.
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