Technology & iGaming
Paris, April 21st 2022
This acquisition allows Gaming Innovation Group to become one of the most important and fastest growing players in the iGaming sector.
In coordination with Mishcon de Reya as lead counsel, De Gaulle Fleurance & Associés has advised Gaming Innovation Group Plc on the French aspects of its €51.37m acquisition of Sportnco Gaming SAS, paid in cash and new shares in Gaming Innovation Group Inc. In addition, the shareholders of Sportnco are entitled to a two year earn-out based on performance in 2022 and 2023 of up to €11.5m per year payable in cash and new shares in GIG Inc.
Sportnco is one of the leading platform providers of turnkey betting and gaming solutions for operators in regulated markets through its in-house developed sportsbook and PAM. The combined company will enhance and strengthen GiG’s position as one of the industry leading platforms and media providers with innovative and proprietary products and creating one of the largest and fastest growing providers in regulated iGaming with an unparalleled regulated geographical footprint.
De Gaulle Fleurance & Associés team was led by Charles-Edouard Renault (Partner) with support from Matthieu Bichon (Partner), Thierry Gillot (Partner), David Faravelon (Corporate), Paul Lefevre (Corporate), Marie Nguyen The Dung (Labor), Juliette Garcin (Tax), Grégoire Froussart (IP-IT) and Kevin Ishac (IP-IT).
Charles-Edouard Renault said: « We are delighted to have worked in close coordination with Mishcon de Reya, advising GiG on this significant acquisition which marks the beginning of new activities for GiG in France, in South America and in the EU ».
International Counsel Garrigues was also involved.