Allen & Overy has announced that it advised Fortuna Entertainment Group on the acquisition of the 100% share in Hattrick Sports Group Ltd., Ireland, the owner of the Casa Pariurilor betting operator in Romania, the PSK and Hattrick operator in Croatia, and B2B operations in Spain, Germany, and other European countries.
As previously announced, Romania's Tuca Zbarcea & Asociatii also advised Fortuna on the acquisition.
Allen & Overy describes Fortuna Entertainment Group as "the leading regulated sports betting and gaming multi-channel operator in the CEE region, currently present in three core markets – the Czech Republic, Slovakia and Poland – and, via ‘Fortuna’ brand licensing, also in Romania," and asserts that "the business expansion is in line with Fortuna’s long-term strategy to become the number one licensed sports betting and gaming operator in C&SEE and industry leader in innovations, multi-channel offers, customer experience and financial performance."
Allen & Overy advised Hattrick both on the M&A side of the transaction, as well as on the financing of the transaction and on the refinancing of selected subsidiaries. The multi-jurisdictional deal involved A&O teams in the Czech Republic, Slovakia, Poland, the Netherlands, and RTPR in Romania. The firm's team was led by Corporate Partner Martin Magal, with support from Partner Hugh Owen and Senior Associate Juraj Gyarfas. The financing work stream was led by Prague-based Banking Partner Vaclav Valvoda and Counsel Robert David, with support from Associate Lukas Vondrich.