In May 2018, our Financial Services and Regulation and M&A teams advised Blackstone on the Cyprus law matters of a €175m strategic minority equity investment in Superbet by funds managed or advised by Blackstone's Tactical Opportunities business.
Blackstone is one of the world's leading investment firms. Superbet is the largest omni-channel sports betting and gaming operator in Romania.
In this transaction, Elias Neocleous & Co worked with Jones Day (UK), Wolf Theiss (Romania) and Ganado (Malta) who each acted as legal advisers to Blackstone. UBS Investment Bank provided financial advice andHerzog, Fox & Neeman acted as legal adviser to Superbet.
The relevant press release is available in the website of Blackstone.