Entain to acquire SuperSport, biggest Croatian betting group
Entain Plc., the global sports-betting, gaming and interactive entertainment group, has agreed to acquire the SuperSport Group, the Croatian leading gaming and sportsbook operator with a 54% market share, from EMMA Capital.
The acquisition will be made through partnership with EMMA Capital, a leading investment firm based in the Czech Republic. The established new venture (“Entain CEE”), in which Entain will own 75% of the economic rights, is expected to drive expansion in Central and Eastern Europe.
By the value of the consideration of approximately €920 million, the transaction is by far the largest all-time deal to take place in Croatia and wider region. The respective acquisition, with completion expected in Q4 2022, is conditional on regulatory approvals.
Jette Nygaard-Anderson, Entain’s CEO, commented: “We are excited to create Entain CEE with EMMA to underpin our strategy across the CEE region, and to be acquiring the leading betting and gaming operator in the highly attractive, fully regulated Croatian market. We see Croatia as an exciting, dynamic country which Entain CEE is perfectly positioned to expand from – we are very much looking forward to growing our business responsibly within the country and the region.”
Divjak, Topić, Bahtijarević & Krka acted as the Croatian legal counsel providing legal advice on M&A, finance and regulatory matters of this historic transaction. The team was led by partner Damir Topić (Corporate/M&A), with an overall support from teams across related practice areas – partner Emir Bahtijarevic (Real Estate), partner Ema Menđušić Škugor, PhD (Corporate), attorneys Dina Salapić (Corporate/M&A), Dominik Glavina (Corporate/M&A), Antonia Mihaljević (Corporate/Regulatory), Ana-Maria Sunko Perić (Regulatory), Andrej Zmikic (Employment & Benefits), Jasna Belčić (Employment), Sanja Novoselić (Real Estate), Olena Manuilenko (IP), and associates Lorena Mičik (Finance), Iva Vukoja (Corporate) and Jure Marović (Real Estate).