Walkers has advised NASDAQ-listed NeoGames (NASDAQ: NGMS) on its definitive Business Combination Agreement pursuant to which it will be acquired by Aristocrat Leisure Limited, a leading mobile and casino games content creator.
The transaction represents an enterprise value of approximately US$1.2 billion for NeoGames, a technology-driven provider of end-to-end iLottery and iGaming solutions.
Lawyers from Walkers' London office advised as Cayman Islands counsel, alongside lead counsel Latham & Watkins and Herzog Fox & Neeman.
Partner Neil McDonald led the Walkers team of senior counsel James Denham and Jennifer Maughan, senior associate Tom Esler, and associate Catherine Outerbridge.
Neil said: "We are delighted to have worked with Latham and Herzog on this significant matter, which demonstrates the versatility and efficiency of Cayman Islands structures for acquiring global tech businesses."