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Novalpina Capital: Squeeze-out at listed Olympic Entertainment Group

13. Septem­ber 2018

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).

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