Ogier's Guernsey corporate team has advised Sports Entertainment Acquisition Corp, a publicly traded special purpose acquisition company (SPAC), on its US$4.75 billion business combination with Super Group to create a global gaming company to be listed on the New York Stock Exchange (NYSE).
Sports Entertainment Acquisition Corp, which trades on the NYSE under the symbol “SEAH,” is a SPAC focused on the sports and entertainment sectors as well as technology and services. Guernsey company Super Group (SGHC Limited) is the holding company for the global online sports betting and gaming businesses Betway and Spin, and is licensed in 23 jurisdictions throughout Europe, the Americas and Africa.
The Ogier team advised on all Guernsey law aspects in relation to the merger and was led by partner Tim Clipstone with senior associate James Walsh and legal assistant James Dickinson, who worked alongside lead legal counsel Ropes & Gray LLP in London and New York.
Tim said: "This was an exciting transaction involving high profile businesses and we are pleased to have been able to demonstrate, once again, the strength of our full-service corporate offering on both local and international transactions such as this. We were delighted to work alongside the team at Ropes & Gray LLP and we can't wait to see what the combined group does next."