The Frankfurt, Munich and London offices of Weil advised financial investor Novalpina Capital in its voluntary takeover offer for Tallinn-based listed Olympic Entertainment Group AS in what is the largest transaction of this kind in the Baltic region to date. Odyssey Europe AS, a company owned by funds advised by Novalpina Capital, is making the voluntary takeover offer to acquire 100% of the shares in Olympic Entertainment Group at a price of €1.90 in cash per share. Subsequently, it is intended to delist Olympic Entertainment Group from the Nasdaq Tallinn Stock Exchange as well as to merge Odyssey Europe AS with Olympic Entertainment Group under a business combination agreement.

Olympic Entertainment Group is a leading land-based and online casino and betting operator active across six EU markets (Estonia, Latvia, Lithuania, Italy, Slovakia and Malta).

A combined team of the Frankfurt and London offices of Weil also advised Novalpina Capital on the financing of this transaction.

The Weil transaction team advising Novalpina Capital was led by partner Gerhard Schmidt and included Corporate partners Stephan Grauke, Barbara Jagersberger, Tax partner Tobias Geerling, Corporate Counsel Heiner Drueke and Corporate associates Manuel-Peter Fringer, Ansgar Wimber, Alexander Pfefferler, Daniel Zhu and Julian Schwanebeck and Tax associate Benjamin Rapp.

Frankfurt Finance partner Wolfram Distler and London Finance partner Patrick Bright led the Weil team advising on the financing of the transaction and were supported by associates Dorian Legel, Julia Schum, Nick Krendel, Antony Serban, Alastair McVeigh, Bhavesh Madia and Feng Cai.