Novalpina Capital acquires Olympic Entertainment Group
Frankfurt, Munich, London — Weil, Gotshal & Manges LLP advised the financial investor Novalpina Capital in connection with a public takeover offer for Olympic Entertainment Group AS, listed on the Tallinn Stock Exchange. The transaction is the largest of its kind so far in the Baltic States.
The public tender offer is being made by Odyssey Europe AS, a company owned by funds managed by Novalpina Capital, for all shares in Olympic Entertainment Group for a price of EUR 1.90 per share. According to this, the delisting of the Olympic Entertainment Group from the Tallinn Stock Exchange and the merger of Odyssey Europe AS with the Olympic Entertainment Group are being sought.
Olympic Entertainment Group is a leading operator of casinos and provider of sports betting in six markets in the Eurozone (Estonia, Latvia, Lithuania, Italy, Slovakia and Malta).
Advisors to Novalpina Capital: Weil, Gotshal & Manges LLP
The Weil transaction team is led by partner Prof. Dr. Gerhard Schmidt and is supported by the partners Stephan Grauke (Corporate, Frankfurt), Tobias Geerling (Tax, Munich), Dr. Barbara Jagersberger (Corporate, Munich) as well as Counsel Dr. Heiner Drüke (Corporate, Frankfurt) and the associates Manuel-Peter Fringer (Corporate, Munich), Dr. Ansgar Wimber (Corporate, Munich), Benjamin Rapp (Tax, Munich), Alexander Pfefferler (Corporate, Munich), Daniel Zhu (Corporate, Munich) and Julian Schwanebeck (Corporate, Frankfurt) as well as paralegals Madleen Düdder, Patrik Marten and Sonja Popp (all Munich).
The Weil team working on the acquisition financing is led by Frankfurt Finance Partner Dr. Wolfram Distler and London Finance Partner Patrick Bright and was supported by associates Dr. Dorian Legel and Julia Schum (both Frankfurt) as well as Nick Krendel and Antony Serban (both London).
About Novalpina Capital
Novalpina Capital is an independent European private equity firm that focuses on making control equity investments in middle market companies throughout the continent. Novalpina has a solution-oriented, entrepreneurial approach to investing and creating value in its portfolio companies. Novalpina Capital was established by Stephen Peel, Stefan Kowski and Bastian Lueken in 2017. The Founding Partners bring combined experience of 48 years in private equity investing, including senior positions in the European operations of leading global private equity investment firms, and have a shared history of working together for nearly a decade.
Weil, Gotshal & Manges is an international law firm with approximately 1,100 lawyers, including about 300 partners. Weil is headquartered in New York and has offices in Boston, Dallas, Frankfurt/Main, Hong Kong, Houston, London, Miami, Munich, Paris, Beijing, Prague, Princeton, Shanghai, Silicon Valley, Warsaw and Washington, D.C.