Gopher Investments’ US$250 Million Acquisition Of Finalto From Playtech plc

In UK Bryan Cave Leighton Paisner, White & Case, advised on the matter.

Bryan Cave Leighton Paisner advised Playtech with a team including Oran Gelb (Corporate M&A), Ian Ivory (Corporate M&A), Benjamin Lee (Corporate M&A), Kurt Ma (Picture – Corporate M&A), Sarah McAtominey (Corporate M&A), Matthew Baker (Finance), Derek Hrydziuszko (Finance), Richard Harbot (Tax M&A and Deal Advisory).

White & Case advised Gopher Asset Management Company, Ltd with a team including Tim Hickman (Commercial Law), Jonah Anderson (Corporate M&A), Amanda Cowell (Corporate M&A), Tom Matthews (Corporate M&A), Mike Weir (Corporate M&A), Helen Joseph (Employment), Nicola Chapman (Finance), Jonathan Rogers (Finance), Philip Trillmich (IP&IT), Will Smith (Tax M&A and Deal Advisory).

Playtech plc (Playtech) proposed the sale of its financial trading division, Finalto, to Gopher Investments (Gopher) for US$250 million in cash. Gopher is a 4.97% shareholder in Playtech.

The transaction is expected to close in the first half of 2022 subject to shareholder approval and regulatory clearances.

Playtech, a leading technology company in the gambling industry, delivers business intelligence-driven gambling software, services content and platform technology across the industry, including casinos, sports betting, virtual sports, bingo and poker. The sale will enable the company to focus on its core gambling business in line with its strategy.

The BCLP team was led by Partner Kurt Ma (Picture – M&A and Corporate Finance) with support from Partner Benjamin Lee, Senior Associate Tom Bacon, Associate Olivia Scott and Trainee Yaniv Grunberg (M&A and Corporate Finance). The deal team also included Partners Oran Gelb and Sarah McAtominey from Litigation and Investigations, Partner Derek Hrydziuszko and Associate Richard Beazley from Banking, and Partner Matthew Baker from Investment Management. Partner Ian Ivory and Associate Amelia Jansen (M&A and Corporate Finance) and Partner Richard Harbot and Associate Hugo Clark-Ryan (Tax Advice and Controversy) advised on the management warranty and disclosure process. 

The White & Case team was led by partner Tom Matthews (London) and included partners Jonah Anderson, Nicola Chapman, Amanda Cowell, Tim Hickman, Helen Joseph, Jonathan Rogers, Will Smith, Philip Trillmich and Mike Weir (all London), counsel Nathaniel Crowley (Hong Kong) and Sara Nordin (Brussels), and associates Sonica Tolani, Richard Wilson, Patrick Thompson, Harriet Baldwin, Will Cashman, Kate Curran, Margot Davies, Kristen DiLemmo, Thomas Hansen, Michael Hekimian, Kate Kelliher, Francesca MacSwiney, Janam Nagra, William Obree, Vishnu Rege, James Richards, Kate Russell, Neha Saran, Claire Slunecko, Lily Teh, Wiesia Wagstyl (all London), Christian Berger, Julianne Prisco (both New York), Denise Cheung (Hong Kong), Anna Dold (Frankfurt), Victor Lim (Singapore), Matthias Vangenechten (Brussels) and Olivia Yan (Sydney).

Involved fees earner: Tom Bacon – Bryan Cave Leighton Paisner; Matthew Baker – Bryan Cave Leighton Paisner; Richard Beazley – Bryan Cave Leighton Paisner; Hugo Clark-Ryan – Bryan Cave Leighton Paisner; Oran Gelb – Bryan Cave Leighton Paisner; Richard Harbot – Bryan Cave Leighton Paisner; Derek Hrydziuszko – Bryan Cave Leighton Paisner; Ian Ivory – Bryan Cave Leighton Paisner; Benjamin Lee – Bryan Cave Leighton Paisner; Kurt Ma – Bryan Cave Leighton Paisner; Sarah McAtominey – Bryan Cave Leighton Paisner; Olivia Scott – Bryan Cave Leighton Paisner; Jonah Anderson – White & Case; Christian Berger – White & Case; Will Cashman – White & Case; Nicola Chapman – White & Case; Denise Cheung – White & Case; Amanda Cowell – White & Case; Nathaniel Crowley – White & Case; Margot Davies – White & Case; Kristen DiLemmo – White & Case; Anna Dold – White & Case; Thomas Hansen – White & Case; Michael Hekimian – White & Case; Tim Hickman – White & Case; Helen Joseph – White & Case; Kate Kelliher – White & Case; Victor Lim – White & Case; Francesca MacSwiney – White & Case; Tom Matthews – White & Case; Sara Nordin – White & Case; William Obree – White & Case; Julianne Prisco – White & Case; James Richards – White & Case; Jonathan Rogers – White & Case; Kate Russell – White & Case; Neha Saran – White & Case; Will Smith – White & Case; Lily Teh – White & Case; Patrick Thompson – White & Case; Sonica Tolani – White & Case; Philip Trillmich – White & Case; Matthias Vangenechten – White & Case; Wiesia Wagstyl – White & Case; Mike Weir – White & Case; Richard Wilson – White & Case;

Law Firms: Bryan Cave Leighton Paisner; White & Case;

Clients: Gopher Asset Management Company, Ltd; Playtech;

Author: Giulia Di Palma