28
Thu, Mar
51 New Articles

Wolf Theiss and Jones Day Advise on Blackstone's Acquisition of Stake in Superbet

Wolf Theiss and Jones Day Advise on Blackstone's Acquisition of Stake in Superbet

Romania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Wolf Theiss has informed CEE Legal Matters that this past spring it worked alongside Jones Day and Kirkland & Ellis in advising Blackstone Tactical Opportunities on its EUR 175 million acquisition of a minority stake in Romania's Superbet Group. Romania's Bulboaca & Asociatii worked alongside global counsel Herzog, Fox & Neeman in advising the sellers.

Blackstone Tactical Opportunities is part of America's Blackstone investment fund.

The Superbet Group is a sports betting and gaming company that was co-founded in 2008 by Romanian entrepreneur Sacha Dragic, who is also the company's CEO. It operates a network of over 1,200 betting agencies across Romanian and launched a digital platform in 2016, and a mobile application in 2018. In 2017, Superbet officially launched operations in Poland, and it has offices in Austria, Serbia, Croatia, Malta, and the United Kingdom.

The Wolf Theiss team was led by Bucharest-based Partner Ileana Glodeanu and included Partners Natasa Maric Lalovic, Luka Tadic-Colic, Katarina Bielikova, Robert Pelikan, and Hartwig Kienast and lawyers Dinu Raducan, George Ghitu, Mircea Ciocirlea, Costin Salaru, Alexandru Asaftei, Maria Maxim, Nina Lazar, Iskra Lazic, Aleksandar Ristic, Dariusz Harbaty, Marcin Rudnik, Sasa Jovicic and Ivan Zornada.

Editor's Note: After this article was published Jones Day informed CEE Legal Matters that its team included London-based Partners Julian Runnicles and Lian Bonamy.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

Firm's website:

Wolf Theiss – Leading Lawyers in CEE/SEE