IFLR1000

Playtech €846 million acquisition of 70.6% stake in Snaitech

18/8/2018
Private acquisition, Securitisation
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€ 846 million

$ 936.830 million

Announced

18/8/2018

Overview:

  • Publicly listed gambling company Playtech has acquired 70% stake in Italian betting company Snaitech from Global games and OI Games for €846 million.

Rajeeb Gurung - Researcher

Jurisdiction:

Italy

Deal types:

Private acquisition
Securitisation

Practice area:

M&A

Industry sectors:

Banking
Financial services
Gaming

Firms:
A&O Shearman

Party: Playtech (Acquirer)

Lawyers: Paolo Nastasi, Pietro Scarfone

Chiomenti

Party: Snaitech (Target)

Lawyer: Manfredi Vianini Tolomei

Lombardi Segni & Associati

Party: Ol-Games (Seller)

Simmons & Simmons

Party: Snaitech (Target)

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