Karanovic & Partners has advised Pollard Banknote on its EUR 36 million acquisition of the Next Generation Lotteries in Serbia. Canada's Torys law firm reportedly also advised the buyer on the deal.
NGL is a Vienna-based provider of software solutions to lotteries. Apart from Austria, the company also has offices in Spain, Serbia, Tunisia, and Iceland.
Pollard Banknote is a Canada-based developer of instant lottery games, as well as lottery-related retail and digital solutions.
According to Karanovic & Partners, “Pollard Banknote Limited announced that it has signed a definitive agreement to acquire 100% of the equity of Next Generation Lotteries AS, a leading provider of lottery management and iLottery technology.” In addition, the firm reported that, “the acquisition is subject to certain standard regulatory and third-party consents and is expected to close early in the first quarter of 2021.”
Karanovic & Partners team included Partner Ivan Nonkovic and Senior Associate Sava Draca.
Karanovic & Partners could not disclose any further information about the deal.