Slaughter and May acted for Scientific Games on its acquisition of NYX05 Jan 2018
Slaughter and May acted for Scientific Games Corporation ("Scientific Games") on its acquisition of NYX Gaming Group Limited ("NYX"). The transaction was completed on Friday 5 January 2018 and was executed by way of a court-sanctioned scheme of arrangement under Part VIII of the Companies (Guernsey) Law, 2008. The offer was approved by an overwhelming vote of NYX shareholders on 20 December 2017.
Under the terms of the transaction, Scientific Games has acquired all of the outstanding ordinary shares of NYX for CAD$2.40 per share, equivalent to an enterprise value of approximately CAD$775 million, or approximately US$631 million.
Scientific Games is a global leader in technology-based gaming systems, table games, table products and instant games and a leader in products, services and content for gaming, lottery and interactive gaming markets. NYX is a leading digital gaming provider, headquartered in Las Vegas, USA, with a staff of more than 1,000 employees globally.
Slaughter and May worked alongside Cravath, Swaine & Moore advising Scientific Games. Latham & Watkins acted for NYX.
Corporate: Andy Ryde (partner), Emily Raftos (associate); Competition: William Turtle (partner), Zsolt Vertessy (associate); Financing: Ed Fife (partner), Charlotte Ferard (associate); Tax: Gareth Miles (partner)
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