White & Case Advises Artemis on US$625 Million Business Combination with Novibet
1 min read
Global law firm White & Case LLP has advised Artemis Strategic Investment Corporation (Nasdaq: ARTE), a publicly traded special purpose acquisition company, on its definitive agreement to enter a business combination with Logflex MT Holding Limited (doing business as "Novibet"), an established and profitable technology-enabled operator. Following completion of the transaction, Novibet’s ordinary shares will be listed on the Nasdaq Stock Market, and Artemis founders and existing Novibet stakeholders will hold approximately 75 percent of the combined company at close.
Founded in 2010, Novibet currently operates iGaming and online sports betting actively across four regulated European markets: Greece, Ireland, Italy and Malta. The company has more than 5,000 online casino games available to its experienced Casino Management Team, and delivers slots, casino tables, live-action and many more game types across desktop, mobile and tablet devices.
The White & Case team was led by partners James Hu, Gary Kashar, Elliott Smith and Sang Ji (all in New York). The M&A team also included partners Philip Broke and Ferdinand Mason, counsel Alex Woodfield, and associate Nick Crawford (all in London); associates Melissa Curvino, Sarah Ross, Alexander Liebers and Ty Akkoyun (all in New York); associate Adyasha Das (Silicon Valley); associate Mary Johnson (Houston); and Tax associates Devon Yamauchi and Adriana Zhan (both in New York).
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