Cobalt has advised the 888 Holding on its sale of two Latvian businesses – Mr. Green Latvia and William Hill Latvia – to Paf Consulting for a total consideration of up to EUR 28.25 million. QAP Legal reportedly advised Paf Consulting.
888 Holding Plc is a betting and gaming company.
Paf Consulting Abp is a Nordic gaming company.
According to Cobalt, the transaction will “make Paf the third largest gaming company in the Latvian market.”
Cobalt’s team included Partners Guntars Zile and Sandija Novicka, Senior Associates Diana Zepa, Agnese Gerharde, Janis Sarans, and Marija Berdova, and Associate Vadims Zvicevics.