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Latham Advises on Debt Financing for Flutter Entertainment’s €2.3 Billion Acquisition of Snai
May 1, 2025
Banking team represents the agent and other banks in the financing supporting the online sports betting and iGaming operator’s completed acquisition of one of Italy's leading omni-channel operators.
Flutter Entertainment (NYSE: FLUT; LSE: FLTR), a world-leading online sports betting and iGaming operator, has announced that it has completed the acquisition of Snaitech S.p.A., one of Italy’s leading omni-channel operators, from a subsidiary of Playtech plc, for cash consideration based on an enterprise value of €2.3 billion.
Latham & Watkins LLP represented the agent and other banks in the financing supporting the acquisition with a banking team led by partner Michele Penzer, with associates Tulika Sinha, Sharon Yin, and Kay Han Lee.