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.

More details about the sale can be found here and here.