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Eversheds Sutherland Bitāns advise upon acquisition of Olympic Entertainment Group in Estonia by Novalpina Capital

  • Latvia
  • General

21-01-2019

Eversheds Sutherland Bitāns acted as Latvian adviser upon acquisition of Olympic Entertainment Group in Estonia by Novalpina Capital. This is the largest acquisition in the Baltic states so far. Please find the announcement of Nasdaq Baltic Exchanges here.
 
Local advice was required mainly in respect of establishing transaction security in Latvia over various types of assets, including the shares in Olympic Casino Latvia SIA, the Latvian subsidiary of Olympic Entertainment Group, as well as over the subsidiary's receivables.

Novalpina Capital is an independent European private equity firm that focuses on making control equity investments in middle market companies throughout the continent.

Olympic Entertainment Group AS with its subsidiaries is the leading provider of gaming services in the Baltic States (Estonia, Latvia and Lithuania) and operates casinos in Slovakia, Italy and Malta.

The Latvian advisors in this transaction were Senior Partner at Eversheds Sutherland Bitāns Māris Vainovskis, Senior Associate Aigars Gozītis, Associate Elīna Vilde, Associate Indra Ingersone and Lawyer Justīne Ignatavičute.

Disclaimer

This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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