Playtech - Advised Playtech, the market leader in the gambling and financial trading industries, on its acquisition of approximately 70.6 per cent of the issued share capital of Snaitech S.p.A, a leading operator in the Italian gaming and betting market which is listed on the Milan Stock Exchange. The aggregate enterprise value of the transaction was €846m.
Secure Income REIT plc - Advised on the acquisition of two substantial portfolios of assets at a total cost of £436 million. The portfolios comprise a leisure portfolio including Manchester Arena, The Brewery at Chiswell Street, EC1 (the largest catered events space in the City of London), 18 freehold pubs and 17 Travelodge hotels, together with a hotels portfolio consisting of a further 59 Travelodge sites. The acquisitions were conditional on a placing of new shares to institutional investors targeting gross proceeds of up to £315.5 million, on which BCLP also advised.
The Foschini Group - Advised on its acquisition of an 85% stake in Poppy Holdco Limited, which trades as Phase Eight, and further acquisitions of womenswear retailer Hobbs from 3i Group and Whistles from Icelandic investment company Mundur.
State Street Corporation - Advised State Street on its acquisition of London-based foreign exchange startup, BestX, which is backed by Thomson Reuters. BestX’s clients include 60-plus banks and investment firms with more than $17tn in assets under management. Its transaction cost analysis service is designed to help users secure the best trades for end-investors.