27 April 2021
Gernandt & Danielsson advises Evolution in connection with acquisition of Big Time Gaming
Evolution Gaming Group AB (publ) announced on 12 April 2021 that it had entered into an agreement to acquire all shares in Australia based Big Time Gaming Pty Ltd for an upfront consideration of EUR 220 million and earn-out payments which can amount to a maximum of EUR 230 million. The initial purchase price and the earn-outs will be paid in cash and shares in Evolution. The acquisition is conditional upon receipt of regulatory approvals and completion is expected during Q2 2021.
Gernandt & Danielsson advises Evolution with a team consisting of Partner Fredrik Palm and Senior Associate Oscar Anderson.