Mon, Jan
109 New Articles

Wolf Theiss and Jones Day Advise on Blackstone's Acquisition of Stake in Superbet

Wolf Theiss and Jones Day Advise on Blackstone's Acquisition of Stake in Superbet

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Wolf Theiss has informed CEE Legal Matters that this past spring it worked alongside Jones Day and Kirkland & Ellis in advising Blackstone Tactical Opportunities on its EUR 175 million acquisition of a minority stake in Romania's Superbet Group. Romania's Bulboaca & Asociatii worked alongside global counsel Herzog, Fox & Neeman in advising the sellers.

Blackstone Tactical Opportunities is part of America's Blackstone investment fund.

The Superbet Group is a sports betting and gaming company that was co-founded in 2008 by Romanian entrepreneur Sacha Dragic, who is also the company's CEO. It operates a network of over 1,200 betting agencies across Romanian and launched a digital platform in 2016, and a mobile application in 2018. In 2017, Superbet officially launched operations in Poland, and it has offices in Austria, Serbia, Croatia, Malta, and the United Kingdom.

The Wolf Theiss team was led by Bucharest-based Partner Ileana Glodeanu and included Partners Natasa Maric Lalovic, Luka Tadic-Colic, Katarina Bielikova, Robert Pelikan, and Hartwig Kienast and lawyers Dinu Raducan, George Ghitu, Mircea Ciocirlea, Costin Salaru, Alexandru Asaftei, Maria Maxim, Nina Lazar, Iskra Lazic, Aleksandar Ristic, Dariusz Harbaty, Marcin Rudnik, Sasa Jovicic and Ivan Zornada.

Editor's Note: After this article was published Jones Day informed CEE Legal Matters that its team included London-based Partners Julian Runnicles and Lian Bonamy.