Latham Advises evoke plc on £243 Million Acquisition by Bally’s Intralot

Latham & Watkins has advised evoke plc., one of the world’s leading betting and gaming companies, on its all-share acquisition by Bally’s Intralot, a leading global iGaming, lottery, and sports betting operator. The acquisition values the entire issued, and to be issued, ordinary share capital of evoke at approximately £243.1 million.

In connection with the financing of the acquisition, certain lenders have committed to make available to evoke a term facility in an amount of up to the EUR equivalent of £889 million to (a) refinance the aggregate principal amount of the 2028 USD-denominated term loan, and (b) redeem the aggregate principal amount of the Euro-denominated senior secured floating rate notes due 2028 issued by evoke.

The Latham team was led by London corporate partners Ed Barnett, Hector Sants, Doug Abernethy, and Anna Ngo, with associates Chris Ramsey, Faith Edmunds, and Gemma Cotton; and London finance partners Roberto Luis Reyes Gaskin and Hayden Teo, with associates Matthias Haberstig, Mark Walker, David Turitzin, and Tom Breheny. Advice was also provided on antitrust matters by London partner Ludmilla Le Grand, with associate James Mathieson; and on restructuring matters by London partners Bruce Bell and Hugo Bowkett.