COBALT advised Morgan Stanley in connection with the financing of the acquisition and takeover bid of Olympic Entertainment Group shares

COBALT advised investment bank Morgan Stanley in connection with the financing of acquisition by Odyssey Europe AS, a subsidiary of Luxembourgian investment company Novalpina, of the shares of an Estonian gaming group Olympic Entertainment Group AS.

Olympic Entertainment Group AS is a Tallinn-headquartered land-based and online casino and betting operator listed on the Nasdaq Tallinn Stock Exchange. Odyssey Europe AS is a fully owned subsidiary of funds advised by Novalpina Capital, a European private equity firm.

Our work comprised advising the client regarding the legal aspects of the financing in the Estonian jurisdictions. The client was advised by partners Marina Kotkas and Kristel Raidla-Talur, senior associate Kristjan Kotkas and associate Greete-Kristiine Kuru from the Estonian office, specialist counsel Edgars Lodziņš from the Latvian office and partner Akvilė Bosaitė from the Lithuanian office.