ODI Law has advised NeoGames on the acquisition of Aspire Global through a recommended public offer. Reportedly, Latham & Watkins, Herzog Fox & Neeman, Hannes Snellman, Allen & Overy, and Camilleri Preziosi advised NeoGames as well. Baker McKenzie reportedly advised Aspire Global.
According to ODI, “the offer is funded through a combination of newly issued NeoGames shares and cash. NeoGames will issue approximately 7.6 million shares (in the form of Swedish depository receipts) to shareholders of Aspire Global as payment for the equity component of the offer.” NeoGames is also paying approximately USD 264 million related to the cash component of the offer.
According to the firm, NeoGames, incorporated in Luxembourg, is a “technology-driven innovator and a global provider of iLottery solutions for national and state-regulated lotteries. NeoGames’ full-service solution combines proprietary technology platforms with the experience and expertise required for successful iLottery operations.”
Aspire Global is a B2B provider of iGaming solutions. The B2B offering includes a technical platform, proprietary casino games, a proprietary sportsbook, and a game aggregator. The group operates in 31 regulated markets spanning Europe, America, and Africa, including countries like the US, UK, Netherlands, Denmark, Portugal, Spain, Ireland, Nigeria, Colombia, and Mexico.
ODI’s team was led by Partner Gjorgji Georgievski and included Associate Ema Tasevska and Junior Associate Elena Stefanovska.