We might to do a deeper dig on Paragon and Sandton Capital…
“When he applied for liquidation from the judge, Scytl proposed that whoever bought his assets – the company has valuable software and a skilled workforce – be the American fund Sandton Capital. However, the judge considered that the Catalan company was forcing the sale to be to this specific firm and asked that a competitive process be opened to assess whether there were better offers. That’s how Paragon’s proposal came about, which improved Sandton’s offering.”
Creditors give the green light to the sale of Scytl to the Irish Paragon