Global law firm White & Case LLP has advised J.P. Morgan Securities plc as sponsor to 888 Holdings plc, one of the world's leading online betting and gaming companies, on its acquisition of the international business of William Hill at an enterprise value of approximately £2 billion.
The acquisition constitutes a reverse takeover of William Hill International for the purposes of UK Listing Rules and is expected to close in June 2022 following receipt of regulatory approvals. The reverse takeover follows 888 Holdings' placing in April 2022, raising approximately £163 million and on which White & Case advised the underwriters.
The White & Case team which advised on the transaction was led by partners Inigo Esteve and Laura Sizemore and included counsel Bob Lehner and associates Andrew Scott and Greg Brown.
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