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Published 17 junio 2019
International law firm DAC Beachcroft is pleased to have advised leading online bingo operator JPJ Group plc on the euro equivalent £175 million debt financing commitment for its acquisition of the business of Gamesys (Holdings) Limited (excluding sports betting and games businesses).
JPJ Group plc (LSE: JPJ) is a leading global online bingo-led operator and Gamesys is a developer of platform software and bingo games for, and an operator of, real money online gaming websites and apps.
The acquisition will enhance scale, creating a group which is strategically well positioned for future growth in an evolving global gaming sector. The combined JPJ and Gamesys businesses will benefit from a diversified portfolio of leading consumer brands, greater operational control through proprietary technology, and a complementary executive and operational team.
DAC Beachcroft’s Head of Banking Chris Wall, who led on the matter, said, “We are delighted to have supported JPJ on the debt financing commitment for what will no doubt be a transformative deal for the business.” Chris was supported on the debt financing by partner Mike Pearce and associate Andrew Hollier.
DAC Beachcroft’s Corporate Banking and Debt Finance team advises bank and non-bank lenders, financial investors, public and private corporates, real estate investors and developers, and other stakeholders on a broad range of complex domestic and cross-border financing transactions, including leveraged and acquisition finance, real estate investment and development finance, corporate banking, restructurings, and structured financing transactions. The team is active across various sectors, including health, real estate, technology, and insurance.