The Prague, London, and Munich offices of Clifford Chance have advised Allwyn, a leading global lottery operator, on an agreement to acquire a majority controlling interest in Logflex MT Holdings Limited (Malta), the parent company of subsidiaries that provide gaming services under the Novibet brand. Allwyn’s acquisition of Novibet enhances the group’s technological capabilities as well as strengthening its capabilities in the online sports betting and gaming markets, continuing Allwyn’s strategy of making selective acquisitions in relevant products, technologies and content to support its growth. The international Clifford Chance team, led out of Prague, provided comprehensive legal services, including M&A, and tax legal advice.
Allwyn is a leading multinational lottery operator building better lotteries that return more to good causes by focusing on innovation, technology, efficiency, and safety across a growing portfolio of casual gaming entertainment. Its lottery-first approach of focusing on affordable recreational play has earned Allwyn market-leading positions with trusted brands across Europe including Austria, the Czech Republic, Greece and Cyprus, Italy, the United Kingdom, and the United States (Illinois).
Novibet, an established and rapidly growing online gaming operator, is known for its market-leading technology platform and wide-ranging product offerings, which include sports betting, casino games, and live gaming services. The brand operates across multiple jurisdictions and has earned a reputation for exceptional customer experience and a robust technological backbone, making it a valuable addition to Allwyn’s portfolio.
“Clifford Chance´s expert advice, experienced guidance, and relentless support throughout the due diligence, the negotiations, and the present execution phase, have been instrumental in enabling us to navigate the negotiation process and getting us to finalize the transaction”, said Tomáš Borčin, Senior Lawyer representing Allwyn.
The team spanned offices in Prague, London, and Munich, showcasing Clifford Chance’s cross-border expertise. The Prague M&A team was led by counsel Michal Jašek, who was primarily assisted by Munich based partner Alex Cook and Prague based senior associates Tomáš Procházka and Stanislav Holec. The Prague financing team was led by managing partner Miloš Felgr with strong support by senior associate Hana Čekalová and associate Tomáš Kubala. The London tax team was led by Edward Page who was assisted by Archie Zverev. The team was further supported by counsel Dominik Vojta, senior associate Veronika Kinclová, associate Nikola Svobodová, as well as junior lawyers Matěj Pavlík, Petr Ryšina, Radek Sikora and Natálie Kurková, all based in Prague.
