Schellenberg Wittmer advised J&T ARCH INVESTMENTS SICAV, a.s. (J&T ARCH), the largest investment fund in the Czech Republic and Slovakia, alongside the international law firm A&O Shearman in the strategic acquisition of a 4.27% minority stake in Allwyn International AG, Switzerland (Allwyn), a global lottery and gaming operator from the portfolio of the KKCG investment group.
The transaction, worth approximately EUR 500 million, values Allwyn at EUR 11.2 billion at the end of 2024. Thanks to this transaction, J&T ARCH, with its JTFG Fund IV SICAV, will thereby participate in Allwyn's next growth phase while further diversifying its portfolio in the entertainment and gaming industry.
The team of Schellenberg Wittmer consisted of Oliver Triebold, Elia Schunck, Daniele Simoniello (all Corporate/M&A) as well as Michael Nordin and Tabea Bänteli (Tax).
The A&O Shearman team was led by partner Prokop Verner in cooperation with senior associate Tomáš Janoušek and associate Martin Vykopal. Partner Tina Barazandeh-Nejad was responsible for aspects of English law.