Team

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Michael Moritz

Managing Partner

Telephone: +49 30 809 33 47-13

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Mark Miller

Managing Partner

Telephone: +49 40 300 836-11

LinkedInXING

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Caspar Graf Stauffenberg

Managing Partner

Telephone: +49 89 255 49 53-11

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Daniel Garlipp

Managing Partner

Telephone: +49 40 300 836-19

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Daniel Dies

Partner

Telephone: +49 40 300 836-16

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Manfred Drax

Partner

Telephone: +49 89 255 49 53-15

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Anders Elgemyr

Managing Partner

Telephone: +46 70 496 18 15

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Arnold Holle

Managing Partner

Telephone: +44 207 395 27 90

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Esplanade 41

20354 Hamburg

Telephone: +49 40 300 83 60

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Picture of Mark Miller

Mark Miller

Managing Partner

Telephone: +49 40 300 836-11

LinkedInXING

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Picture of Daniel Garlipp

Daniel Garlipp

Managing Partner

Telephone: +49 40 300 836-19

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Daniel Dies

Partner

Telephone: +49 40 300 836-16

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Anna-Lena Kickbusch

Office Management & Accounting

Telephone: +49 40 300 836 10

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Elaine Kelly

PR, Marketing & Business Development Manager

Telephone: +49 40 300 836 18

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Mischa Krause

Vice President

Telephone: +49 40 300 836-24

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Kurfürstendamm 188

10707 Berlin

Telephone: +49 30 809 334 70

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Michael Moritz

Managing Partner

Telephone: +49 30 809 33 47-13

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Eva Macha

Office Management

Telephone: +49 30 809 33 47-10

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Jessica Algner

Office Management

Telephone: +49 30 809 33 47-12

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Nils Zettelmeyer

Vice President

Telephone: +49 30 809 33 47-25

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Von-der-Tann-Straße 7

80539 München

Telephone: +49 89 255 495 30

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Caspar Graf Stauffenberg

Managing Partner

Telephone: +49 89 255 49 53-11

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Manfred Drax

Partner

Telephone: +49 89 255 49 53-15

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Naomi Käfer

Office Management & HR

Telephone: +49 89 255 49 53-10

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Nico Schmidt-Weidemann

Director

Telephone: +49 89 255 49 53-17

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Sebastian Fischer

Vice President

Telephone: +49 89 255 49 53-12

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Birger Jarlsgatan 13

111 45 Stockholm

Telephone: +46 8 684 439 00

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Anders Elgemyr

Managing Partner

Telephone: +46 70 496 18 15

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Erik Lundberg

Director

Telephone: +46 73 850 35 59

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Caroline Berglund

Strategic Business Manager

Telephone: +46 73 382 10 82

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Jonatan Eriksson

Vice President

Telephone: +46 72 206 10 24

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Magnus Haegermark

Vice President

Telephone: +46 73 759 76 54

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Viktor Borg

Associate

Telephone: +46 72 742 91 40

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Niki Ngiam

Associate

Telephone: +46 70 579 98 99

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David Pode

Senior Analyst

Telephone: +46 70 540 99 55

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Carl Nordström

Analyst

Telephone: +46 70 949 94 00

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Markus Augustsson

Head of Equity Research

Telephone: +46 76 235 03 20

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Bertil Nilsson

Senior Equity Analyst

Telephone: +46 70 434 90 03

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Niklas Elmhammer

Senior Equity Analyst

Telephone: +46 70 898 39 59

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Mats Hyttinge

Senior Equity Analyst

Telephone: +46 73 338 50 67

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Bengt Furberg

Medical expert

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Lars Johansen

IT&Telecom Expert

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14 Buckingham Street

London WC2N 6DF

Telephone: +44 20 739 527 90

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Arnold Holle

Managing Partner

Telephone: +44 207 395 27 90

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Philipp Claus

Associate

Telephone: +44 20 7395 2790

LinkedIn

@

aspire

Analysis, Aspire: Two legged one stop shop

9 Mar 2018

Aspire Global is primarily a full B2B service provider but also have B2C segment for its propriety brands. With a focus on local licenses could generate a continued strong growth given current regulatory scene in Europe. We see good potential in the share.

Aspire Global (the company or Aspire) was found­ed in 2005 and has been profitable since then. The company has grown into being an interesting iGaming company providing a unique holistic gaming solution to operate gaming sites (B2B). Aspire also run proprietary brands (B2C). 2017 was a good year with growth in both segments.

The B2B-segment offer its partners in the iGaming market a full-service solution for launching and operating online casinos and sportsbook. The solution takes care of all aspects of running a gaming site, thus making the company a one stop shop. This means that established operators can be migrated to reduce costs other actors outside of the iGaming space can also be approach – such as media houses or other players with large customer offline- or online flow. These actors have proven more likely to enter the market after reregulation. In the UK Sky News and The Sun is an example. In Italy, La Gazzetta dello Sport and in Denmark, Tivoli are two other examples of actors from other industries starting iGaming sites after reregulation took place. The com­pany’s partnership with Cofina Media also gives firm indications that the solution is on demand. Adding to the case is the recently added betting solution. The timing is good as the World Soccer Cup is coming up and betting is the largest vertical in the iGaming market. Not to be forgotten is the proprietary brands which once again is experience growth after improvements on various levels.

The reregulation of markets is an opportunity for the company that currently holds six licenses. About 70% of the revenues comes from reregulated or soon to be regulated markets – higher than the competition. However, as the position on reregulated markets strengthened the margins will fall. Still we see good potential upside in the share.

Read the full report here.