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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

BGI is one of Georgia's leading firms in all areas of corporate law and in energy and infrastructure has acted on key projects in the oil and gas, energy, transport infrastructure areas. Previous comments have included: "Very good law firm for this jurisdiction...very knowledgeable, they get the job done on time and on budget...they are very professional and good lawyers". Thanks for universal praise from competitors and clients alike, BGI sits comfortably in the top tier... BGI is client-focused and solution-oriented... [with] excellent local counsel, not just for Georgian standards, but by international standards... [A major international client says:] "In terms of local law firms... I have a strong preference for BGI."

IFLR1000 - 2017

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