Milbank LLP advised a consortium of financial sponsors on the sale of a minority interest in Intralot US Securities BV, the holding company for Intralot’s US business, Intralot Inc, to the majority shareholder, a wholly owned subsidiary of Intralot S.A.. The consideration for the transaction was approximately €121.3m.
Intralot is a Greek company that supplies integrated gambling products, transaction processing systems, game content, sports betting management and interactive gambling services to state-licensed gaming organizations worldwide.
The deal team was led by Global Corporate partner Andrej Wolf, with support from associates Sarah Ullathorne, Lewis Whiteoak, Jag Diogan and Manpreet Khehra. The team also included assistance from Financial Restructuring partner Sinjini Saha, Litigation partner Alexander Lees and associate Christopher Almon, Tax special counsel Alan Rafferty and associate Pranav Subhedar.
