Gernandt & Danielsson advises Betsson
Betsson will pay a purchase price for the operations (enterprise value) totalling MEUR 100, of which MEUR 60 will be paid in the form of Betsson shares and the remaining MEUR 40 will be paid in cash. In addition to the up-front purchase price, an additional purchase price, based on the outcome of the anticipated deregulation in the Netherlands. Such additional purchase price, if any, will amount to a maximum of MEUR 45, which implies that the total maximum purchase price is MEUR 145. The acquisition is financed through equity, own generated cash and a newly secured 90 MEUR bank facility and conditional upon customary regulatory approvals.
Gernandt & Danielsson advises Betsson in the transaction with a team mainly consisting of Krister Skoog, Manfred Löfvenhaft, Gustav Skogö and Gabriel Zsiga as well as Candra Torebring (banking and finance) and Rolf Larsson (EU and competition).Print