Webis Holdings partners with XST Capital Group to explore M&A options

Summary

Webis Holdings has appointed US investment bank XST Capital Group to identify and evaluate mergers, acquisitions and other value-enhancing opportunities, with the partnership effective from 8 September 2025. The mandate explicitly excludes any transaction involving Webis’ horse racing licence at Cal Expo in Sacramento. Webis operates the US-facing WatchandWager.com LLC, holding pari-mutuel licences across multiple states and access to major racing events. The company was removed from AIM in January 2025 following a shareholder vote in December 2024. Webis’ board says stakeholders will be kept informed of any significant developments as XST conducts its review.

Key Points

XST Capital Group appointed to evaluate M&A and strategic opportunities for Webis Holdings (appointment effective 8 September 2025).
The Cal Expo (Sacramento) horse racing licence is explicitly excluded from the mandate.
Webis operates WatchandWager.com LLC in the US with pari-mutuel licences in states including North Dakota, California, Kentucky and New York.
WatchandWager provides access to major racing events (eg the Triple Crown) and partnerships with racetracks such as Churchill Downs and the New York Racing Association.
Webis shareholders voted to remove the company’s ordinary shares from trading on AIM; final dealing day was 2 January 2025.
XST CEO Joel H. Simkins highlighted Webis’ regulatory licences, established brand and loyal customer base as strengths for capturing opportunities in the evolving digital wagering ecosystem.
Webis managing director Ed Comins said the process will be a central focus for the group in Q4 2025; the board will update stakeholders on material developments.
Client funds are held in protected accounts with an Isle of Man-regulated bank, in line with licensing conditions.

Context and relevance

This is a targeted corporate development within the regulated wagering and iGaming sector. For investors, operators and partners active in racing-betting and digital wagering, Webis’ engagement of a US-focused adviser like XST signals intent to explore consolidation or capital-led growth. The explicit exclusion of the Cal Expo licence narrows the scope of potential transactions and may reduce regulatory complexity for prospective deals. The move follows Webis’ delisting from AIM, which may make private strategic options more straightforward.

Why should I read this?

Quick and casual: if you track iGaming, racing wagering or M&A in regulated markets, this is a neat heads-up — we’ve read the press release so you don’t have to. It tells you who’s running the process (XST), what’s likely on the table, and what’s definitely off it (Cal Expo). Not a blockbuster takeover story, but useful intel if you monitor sector deals or are scouting acquisition targets.

Source

Source: https://next.io/news/investment/webis-holdings-partners-xst-explore-ma-options/