Several firms act on the acquisition of NSX/Betnacional by Flutter
Coelho & Dalle Advogados and Pinheiro Neto Advogados advised NSX Brasil, owner of Betnacional, Mr. Jack and Pagbet, on the sale of 56% of its shares to the betting platform Flutter, which was advised by the law firms Demarest Advogados and Arthur Cox LLP.
The transaction involved R$ 1.9 billion (USD 350 million). The deal also provides for the acquisition of the remaining 44% in up to 10 years, in an operation that could exceed R$5 billion (USD1 billion).
The operation includes meeting regulatory requirements and ensuring compliance with local laws to guarantee the success of the transaction. Betnacional’s Brazilian partners will continue to lead the local operation.
Coelho & Dalle Advogados included partner Eduardo Coelho (pictured left) and associate Gabriela de Sá.
Pinheiro Neto relied on led partner Carlos Lima (pictured center), partner Tiago Moreira Rocha, senior associate André Santa Ritta, associates Guilherme Kawall Barros and Caio Lourenço Miguel.
Demarest advised Flutter and relied on partner Paulo Rocha (pictured right), Roberto Casarini; associates Arthur Gerlinger, Debora Dolfini, Dora Pimentel Mendes de Almeida, Marcelo Peloso, Monique Guzzo, Nicole Souza
Arthur Cox LLP also advised the same partie and relied on partners David Vos, Sinéad Crowley.
Cavalcanti Freire Advogados also advised NSX in the operation, coordinating corporate and regulatory issues and relied on partner Bernardo Freire.
