29/05/2020 Deals

Arthur Cox is very pleased to have advised Flutter Entertainment on its successful share placing raising gross proceeds of £812.6 million.

The placing proceeds will enable Flutter to accelerate its US strategy, increase investment to enhance Flutter’s competitive position, facilitate a faster de-leveraging of the Flutter group and bolster the Flutter group in a more uncertain environment. Goldman Sachs and Davy acted as joint global co-ordinators and joint bookrunners in respect of the placing.

The Arthur Cox team was led by Maura McLaughlin (Partner, Corporate and M&A) and included David Vos (Associate, Corporate and M&A), Christopher O’Reilly (Associate, Corporate and M&A) and Amina Flynn (Associate, Corporate and M&A).