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BGI advised Paddy Power Betfair plc on the acquisition of a majority stake in Adjarabet

BGI advised Paddy Power Betfair plc (PPB) on the acquisition of a majority stake in Adjarabet, the largest online gaming business in Georgia, with 40% of the Georgian and 10% of the Armenian market share, in a transaction valued at EUR 116 million. Given the scale and regional impact of the transaction, it was dubbed “deal of the year” by the March 2019 issue of Forbes Georgia Magazine.

 “PPB’s entry into the Caucasus is a major game-changer and we are very proud to have been instrumental in the global giant’s successful expansion into the region. BGI’s involvement in this landmark transaction once again reaffirms our leading role on the Georgian legal services market – a place we have comfortably held for more than two decades.” - says Zaza Bibilashvili, BGI Senior Partner who led the team during this transaction.

 PPB a global sports betting and gaming operator, with market-leading positions in the UK, Ireland, Australia and the US. Its shares are admitted to trading on the London Stock Exchange and the Irish Stock Exchange (trading as Euronext Dublin) and constitute part of the FTSE 100 index, the  leading equity index including 100 largest companies listed on the London Stock Exchange by market capitalization.

Zaza Bibilashvili is a highly respected corporate and disputes lawyer with significant practical experience in real estate transactions. Clients note his creativity and availability.

Chambers Global - 2018

Zaza Bibilashvili is able to suggest winning strategies and is active across a range of contentious and non-contentious work, including real estate and intellectual property matters. Previous comments include: BGI Legal fields ‘a team of true professionals with good knowledge of law and a proper understanding of business needs`. It provides full-service support to leading multinational and Georgian clients, handling general legal matters alongside more complex financing, M&A, dispute resolution and capital markets mandates.

Legal 500 - 2016

Legal director Unana Gogokhia focuses on financial transactions, and stands out for her experience of capital markets and derivatives. Clients appreciate her ability to "look at the issue very scrupulously and bring up points in the transaction that none of the other parties spotted." Sandro Bibilashvili is increasingly recognised in the market. He is involved in some of the firm's biggest project finance mandates and has recently been active working on energy projects. Counsel Tamara Tevdoradze enters the rankings on the back of positive praise. "She is very reliable, accurate and punctual, thinks in a very logical way and has very strong arguments," a client says

Chambers Global - 2017