Cains acts for Amaya which completes its acquisition of PokerStars and Full Tilt
Cains is delighted to have acted as Isle of Man counsel to Amaya Gaming Group Inc. which today completed its acquisition of 100% of the issued and outstanding shares of Oldford Group Limited, the parent company of Isle of Man headquartered Rational Group Limited, the owner and operator of the PokerStars and Full Tilt poker brands, in an all-cash transaction for an aggregate purchase price of US$4.9 billion.
Deutsche Bank Securities Inc. and Canaccord Genuity Corp. acted as lead financial advisers, and Macquarie Capital and Barclays acted as co-advisers, to Amaya in connection with the acquisition.
Greenberg Traurig, LLP acted as lead counsel, and Cains served as Isle of Man counsel, to Amaya in connection with the acquisition and related secured credit facilities. The Cains legal team was led by Richard Vanderplank and Tristan Head, with the fiduciary services team being led by Oliver Webster.