Herzog Fox & Neeman advised Aspire Global on the deal.
Aspire Global signed an agreement to sell its B2C segment to the US-based Group, Esports Technologies.
This divestment is pursuant to a review by Aspire Global of the B2C segment that was announced in March this year. Consideration for the deal amounts to approximately €65 million, comprising cash, debt and shares. The transaction also includes an agreement whereby Aspire Global will provide platform and management services to the purchaser for a period of four years, at an estimated value of approximately €70 million.
The Herzog team included Managing Partner Gil White (Picture), partners Itai Sarfaty, Liran Barak, Jenia Melkhior and associates Ethan Henshell and Yuval Haimovich.
Involved fees earner: Liran Barak – Herzog Fox & Neeman; Yuval Haimovitch – Herzog Fox & Neeman; Ethan Henshell – Herzog Fox & Neeman; Jenia Melkhior – Herzog Fox & Neeman; Itai Sarfaty – Herzog Fox & Neeman; Gil White – Herzog Fox & Neeman;
Law Firms: Herzog Fox & Neeman;
Clients: Aspire Global ;