News Wiggin advises Leovegas on its investment in SharedPlay

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Benjamin Simon Senior Associate Email Benjamin
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We’re delighted to have advised leading gambling operator Leovegas on its strategic investment in SharedPlay. SharedPlay is the gaming industry’s first B2B solution with an SaaS model that makes it possible to offer a gaming experience in multiplayer mode. You can find out more about the deal here.

The initial consideration payable is EUR1.1m for 25% of the shares in SharedPlay, with an option for LeoVegas to increase its ownership in the future in accordance with predefined conditions.

Corporate partner David McLeish led the team that advised on the deal and was assisted by associate Ben Simon.

Wiggin’s corporate practice has been involved in many of the most significant deals in the online gambling sector in recent years. The firm’s award-winning betting & gaming team advises leading sector stakeholders on commercial and regulatory mandates on both UK and international matters.