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Mishcon advises JPJ Group on £490m conditional acquisition of Gamesys

Posted on 14 June 2019

Mishcon de Reya LLP has advised online gaming operator and existing client JPJ Group plc on its c. £490m conditional acquisition of Gamesys (Holdings) Limited. The conditional acquisition is expected to complete in Q3 2019.

Gamesys is a developer of platform software and bingo games for, and operator of, real money online gaming websites and apps. The target business includes a portfolio of well-known brand licences, including: Virgin Games, Virgin Casino, Monopoly Casino, and Heart Bingo.

The firm is advising JPJ on the acquisition aspects of the conditional transaction and, alongside sector experts from the firm's Betting & Gaming group, is fielding a multi-disciplinary team to address the tax restructuring and commercial arrangements which sit alongside the corporate acquisition. Mishcon de Reya previously advised on the acquisition of the Jackpotjoy, Starspins and Botemania brands by its client from Gamesys in 2015.

The team is being led by Betting & Gaming partner Stuart McMaster and Corporate partner Saul Sender. Stuart McMaster commented: "It is enormously rewarding to work on such a significant transaction in a sector we are immersed in. The transaction will be transformational for JPJ, and we are delighted to have played a part in our client's growth plans."

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