LONDON – June 1, 2021 – A cross-border attorney team from global law firm Greenberg Traurig, LLP represented the Barinboim Group, an Israel-based private investment company, which has led a consortium of investors through a special purpose vehicle (SPV) that signed an agreement to acquire Finalto, which is UK-based Playtech plc’s financial trading division. Playtech is a leader in the B2B and B2C gambling software market.
The acquisition, recently reported by several media outlets, is valued at $210 million. In addition to Barinboim, the SPV is backed by Leumi Partners and Menora Mivtachim Insurance.
Leading Greenberg Traurig’s team in the transaction are London office Corporate and Mergers & Acquisitions (M&A) Shareholder, Gary Cooper, and Tel Aviv office Intellectual Property (IP) & Technology Shareholder, Adam Snukal. Additional Greenberg Traurig attorneys on the transaction team include Corporate and M&A Senior Associate Emma Bosworth, and Corporate Associate Miles Daly.
Israeli law firm FWMK served as co-counsel for the Barinboim Group and the SPV.
About Greenberg Traurig’s London Office: Greenberg Traurig, LLP in London has established itself as a multidisciplinary law firm, with more than 80 lawyers and growing. The London office provides partner-led advice to domestic and international clients on a range of matters across the legal spectrum. Lawyers at Greenberg Traurig in London advise U.K. and multinational clients operating in many different sectors, including chemicals, pharmaceuticals, life sciences, energy, real estate, financial services, automotive, retail and communications. For additional information, please visit www.gtlaw.com.
About Greenberg Traurig’s Tel Aviv Office and Israel Practice: Greenberg Traurig’s Tel Aviv office is the only major international law firm with a multidisciplinary, registered office in Tel Aviv and serves as a gateway for Israeli businesses and entrepreneurs seeking opportunities around the world, as well as for clients exploring opportunities within Israel. The office provides Israeli and foreign clients access to legal services in the U.S., London, Amsterdam, Germany, Poland, China, Japan, Latin America, and other international jurisdictions and also represents non-Israeli companies seeking opportunities within Israel. The firm’s Israel Practice continuously provides clients a global network of professionals with the legal experience, business alliances, technical knowledge, political experience, language capabilities, and cultural understanding needed in Israel, to deliver strategic advice to our clients. The Greenberg Traurig Tel Aviv office and Israel Practice attorneys offer a unique multi-disciplinary, integrated team of professionals to assist clients with a range of corporate and commercial law issues in numerous industries.
About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2200 attorneys 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: www.gtlaw.com