We advised TCP Lux Eurinvest S.à r.l. in connection with the acquisition of part of its shares by G Partecipazioni S.r.l. and the structuring of the post-acquisition shareholding arrangements
We advised TCP Lux Eurinvest S.à r.l. (TCP Lux), one of the major shareholders of Gamenet Group S.p.A. (Gamenet), on the Luxembourg legal and tax aspects of the acquisition of a 49.9% stake in its share capital by G Partecipazioni S.r.l., controlled by members of the Chiarva family, from TCP Lux’s current shareholders (including a number of Trilantic Europe funds) (the Acquisition).
Gamenet is one of the leading sports betting operators in Italy, active both in the retails market and in the online segment, being listed on the STAR segment of the Italian Stock Exchange. The partnership resulting from the Acquisition is aimed at enhancing the value of TCP Lux’s stake in Gamenet in the coming years through continued support extended to Gamenet in its internal and external growth projects in a rapidly consolidating national and international gaming and sports betting market.
In the context of the Acquisition, we also advised on the structuring and implementation of the shareholders’ arrangements at the level of TCP Lux, including key post-Acquisition governance aspects with respect to TCP Lux.
The Acquisition perfected the partnership between Trilantic and the Chiarva family initially announced in July 2019, which was originally intended to be structured as a joint venture between TCP Lux and members of the Chiarva family, at the level of G Partecipazioni S.r.l.
The Loyens & Loeff team was led by Corporate partner Guy Palmaers and Senior Associate Ana Andreiana with the support of Madeleine Marques, Associate, and Christine Beernaerts, Tax Counsel.
Guy PalmaersPartner Attorney at law / Avocat à la Cour
Guy Palmaers, partner, is a member of the Corporate Practice Group in our Luxembourg office. He focuses on mergers and acquisitions, cross-border corporate restructurings and general counselling on corporate and securities law matters.T: +32 2 743 43 31 / +352 466 230 446 E: firstname.lastname@example.org
Christine BeernaertsCounsel Tax adviser
Christine Beernaerts, counsel, is a member of the Tax Practice Group in our Luxembourg office. She focuses on corporate taxation relating to mergers and acquisitions, including spinoffs, restructurings, leveraged buyouts and joint ventures. She also focuses on private equity and investment funds.T: +352 466 230 536 E: email@example.com
Ana Nicoleta AndreianaSenior associate Attorney at law
Ana Nicoleta Andreiana, senior associate, is a member of the Corporate Practice Group in our Luxembourg office. She focuses on mergers and acquisitions, joint ventures and complex restructurings.T: +352 466 230 377 E: firstname.lastname@example.org
Madeleine Marques, associate, is a member of the Corporate practice group in our Luxembourg office and a member of the Restructuring Team. She focuses on private equity transactions, mergers and acquisitions and distressed debt restructurings.T: +352 466 230 211 E: Madeleine.Marques@loyensloeff.com