White & Case Advises International Game Technology on Agreement to Sell Italian B2C Gaming Business for €950 Million
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Global law firm White & Case LLP has advised International Game Technology PLC (IGT) on the €950 million sale, through Lottomatica Holding S.r.l., of its Italian B2C gaming machine, sports betting and digital gaming businesses to Gamenet Group S.p.A. a portfolio company of Apollo Global Management, Inc.
The transaction, which is subject to customary closing conditions including regulatory approvals, is expected to close in the first half of 2021.
Partner Michael Immordino (London & Milan) led the transaction together with partners Leonardo Graffi (Milan) and Philip Broke (London): M&A aspects were led by partners Michael Immordino (London & Milan), Philip Broke (London) and Leonardo Graffi (Milan) and associates Caitlin Powell Gimpel (Chicago), Nick Crawford (London), Nicolò Miglio and Francesco Mancuso (both Milan). Finance aspects were led by partner James Greene (London) and IP and IT aspects were led by partner Philip Trillmich (London).
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