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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.

"One of the leading firms in Georgia adept at both finance and corporate work". Client feedback: "Very good law firm for this jurisdiction. Strong knowledge." - Banking and finance, Restructuring and insolvency. Of Lasha Gogiberidze: "Good communication skills, responsive." Previous comments have included: "BGI Legal is one of the leading firms in Georgia adept at both finance and corporate work...Very good law firm for this jurisdiction...very knowledgeable, they get the job done on time and on budget". Lasha Gogiberidze is described as "prompt and quick to point out problems and pitfalls".

IFLR1000 - 2018

Solid team with vast experience of handling a wide spectrum of corporate and commercial as well as financial matters. Particularly well versed in project finance and boasts an impressive track record in some of the country's biggest energy and infrastructure projects. Popular choice for prominent international and local clients, including financial institutions and corporates from an array of industry sectors. Clients are impressed with the team's approach, saying: "The best thing is their coming up with proactive advice and suggesting a structure. They are able to work under pressure and respond immediately." Another client adds: "As soon as we give them a project we don't need to double-check anything." Other typical comments are: "They are a top-tier firm on the market with highly skilled, efficient and solution-oriented lawyers."

Chambers Europe - 2017

Vastly experienced market-leading firm assisting international and regional clients with all manner of corporate and commercial matters. Particularly well versed in project financing and loan agreements. Clients say: "The lawyers are detail-oriented and are always very helpful... Among the leading firms in Georgia."

Chambers Europe - 2016