IFLR1000

GVC £4 billion acquisition of Ladbrokes Coral

22/12/2017
Private acquisition
Select tab

£ 4 billion

$ 5.43 billion

Announced

22/12/2017

Overview:

  • GVC has acquired Ladbrokes Coral for £4 billion.
  • GVC is the current owner of Sportingbet, Bwin and Foxy Bingo and will own 53.5% of the combined new company.
  • The target company has become the biggest High Street bookmaker after the merger between Ladbrokes and Coral. 
  • Houlihan Lokey acted as financial adviser to GVC.

Katrin Kostadinova - Data analyst 

Jurisdiction:

United Kingdom

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

England and Wales

Industry sector:

Gaming

Firms:
Addleshaw Goddard

Party: GVC (Acquirer)

Lawyer: Nick Pearey

Ashurst

Party: Ladbrokes Coral (Target)

Lawyers: James Fletcher, Tom Mercer

Jones Day

Party: Houlihan Lokey (Financial adviser)

Lawyer: Leon Ferera

Related deals