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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

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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.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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