JPJ Group plc’s £490 Million Strategic Combination With Gamesys Limited

Clifford Chance has advised JPJ Group plc on its proposed £490 million strategic combination with Gamesys to create a world-class online gaming company.

The acquisition, which excludes Gamesys’ sports brands and games, will be paid for with a mixture of cash and new shares in JPJ. The transaction will create a leading UK and international online gaming operator with genuine scale, combining JPJ’s strong portfolio of bingo and casino brands, including Jackpotjoy and Starspins in the UK and Botemania in Spain, with Gamesys’s proprietary technology and branded sites, including Virgin Games, Monopoly Casino and Heart Bingo in the UK and Virgin Casino in New Jersey, USA.

Gamesys Limited, through its subsidiaries, designs, develops, and operates online gaming sites and applications for players in the United Kingdom and internationally.

JPJ Group plc, through its subsidiaries, operates as an online gaming company in Japan, the United Kingdom, Sweden, Spain, rest of Europe, and internationally.

The Clifford Chance team was led by partners Simon Thomas (Picture) and Steven Fox (M&A), alongside senior associate James Koessler (ECM), associates Phoebe Richardson (ECM) and Olivia Higgs (M&A), and trainees Lisa Fogarty and Harriet Harper (both ECM). Anti-trust partner Nelson Jung led a team comprising Fiona Garside and Deepaloke Chatterjee.

Involved fees earner: Deepaloke Chatterjee – Clifford Chance; Steven Fox – Clifford Chance; Fiona Garside – Clifford Chance; Olivia Higgs – Clifford Chance; Nelson Jung – Clifford Chance; James Koessler – Clifford Chance; Phoebe Richardson – Clifford Chance; Simon Thomas – Clifford Chance;

Law Firms: Clifford Chance;

Clients: JPJ Group plc;