Novalpina Capital: Squeeze-out at listed Olympic Entertainment Group
London/ Frankfurt a. M./ Munich — The Frankfurt and Munich offices of the international law firm Weil, Gotshal & Manges LLP have advised the financial investor Novalpina Capital on the squeeze-out of the minority shareholders of Olympic Entertainment Group, which is listed on the stock exchange in Tallinn, Estonia. The squeeze-out took place after the successful completion of the takeover bid for all shares in the Olympic Entertainment Group in May 2018 by Odyssey Europe AS, a company controlled by Novalpina Capital, and was approved by over 92% of the votes cast at the Extraordinary General Meeting of Olympic Entertainment Group held on September 10, 2018.
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).
Weil is also advising the financial investor Novalpina Capital in connection with the ongoing delisting process and other corporate reorganization measures at Olympic Entertainment Group.
Novalpina Capital was founded in 2017 by Stephen Peel, former head of TPG Europe, and Stefan Kowski, who has been a principal at TPG Hong Kong and most recently acted as managing director at Centerbridge Partners.
Advisors to Novalpina Capital: Weil, Gotshal & Manges LLP
The Weil transaction team is led by partner Prof. Dr. Gerhard Schmidt and supported by partners Tobias Geerling (Tax, Munich), as well as counsel Dr. Heiner Drüke (Corporate, Frankfurt) and associates Manuel-Peter Fringer (Corporate, Munich), Benjamin Rapp (Tax, Munich) and Daniel Zhu (Corporate, Munich).