Clifford Chance advises KKCG’s Allwyn Entertainment in connection to its New York Stock Exchange Listing

The Clifford Chance’s international team has advised Allwyn Entertainment, the new group-wide brand for KKCG’s subsidiary SAZKA Entertainment AG, in relation to its intention to become publicly listed company on the New York Stock Exchange (NYSE) in partnership with publicly traded Cohn Robbins Holding Corp, company specialising in mergers and acquisitions.

The NYSE Listing is another step towards Allwyn’s growth and evolving into global lottery-led entertainment platform. The expected total enterprise value for Allwyn is approximately USD 9.3 billion (almost CZK 200 billion) and the listing should result in greater access to capital markets to complement its strong balance sheet and cash flow generation, enhancing and expanding its global brand and building upon its reputation for transparency as a longstanding issuer of publicly traded bonds.

This marks another significant moment in Clifford Chance’s long-term cooperation with KKCG group whom the team has recently also advised in relation to Apollo Global Management’s EUR 500 million strategic investment in Allwyn.

“I am truly happy that we had an opportunity to assist our client on this very important transaction and that our long-term relationship with KKCG and Allwyn remains strong and constantly grows on numerous markets,” comments Clifford Chance’s Relationship Partner for KKCG and Allwyn groups, David Koláček.

The team of Clifford Chance consisted of colleagues from London, New York and Prague.