White & Case advises Kindred on public takeover by La Française des Jeux

Press Release
1 min read

Global law firm White & Case LLP has advised gaming giant Kindred Group (Kindred) on its public takeover by France-based independent betting and gaming company La Française des Jeux SA (FDJ).

"Our cross-border and multi-practice team has advised Kindred on its strategic review process, which was initiated in April last year," said White & Case partner Johan Thiman, who led the Firm's deal team. "The takeover offer from FDJ highlights the success of the strategic review process."

The shareholders in Kindred are being offered SEK 130 in cash per Kindred share. The offer values the total number of shares in Kindred at approximately nearly SEK 28 billion.

Kindred is a Nasdaq Stockholm Large Cap-listed European online betting and gaming operator that offers a diversified portfolio covering all gaming verticals. It serves around 1.6 million active customers and has more than 2,400 employees and offices in 13 locations.

France-headquartered FDJ is a betting and gaming operator offering lottery games, sports betting and poker to the general public from physical outlets and online.

The White & Case team which advised on the transaction was led by partner Johan Thiman (Stockholm) and included partners Henrik Wireklint (Stockholm), Jeremie Marthan, Orion Berg, Alexandre Jaurett, Nathalie Negre Eveillard (all Paris), Tilman Kuhn (Düsseldorf & Brussels), Thilo Wienke (Brussels), David Johansen and Denise Cerasani (both New York), and associates Elin Brännström, Izabella Barisa, Timothy Sjövall, Greta Ekblom, Alexander Lausev Mardell, Alexander Hase (all Stockholm), Joar Lindén (Brussels) and Lea Menaut (Paris). The Firm’s deal team also included lawyers in the London, Madrid, Milan, Warsaw and Washington, DC offices.

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