Super Group has agreed to be taken public in a USD 4.75 Billion in a SPAC deal
Super Group, the parent of the sports betting brands, Betway and iGaming brand Spin, has agreed to be taken public in a USD 4.75 Billion in a SPAC deal with Sports Entertainment Acquisition Corp.
The combined company, valued at USD 4.75 billion pre-money, will aim to make headway in a multi-billion-dollar U.S. sports betting market that is growing with each new state’s legalization.
Together with Cooley, Herzog advised Super Group, led by partner Harriet Finn, with the team including partners Gil White, Daniel Lipman Lowbeer, Karen Elburg, Jenia Melkhior and associate Moran Bergman.
With an existing presence in 23 jurisdictions worldwide, Super Group will also acquire Digital Gaming Corp. as part of the deal, providing access to the burgeoning U.S. market.
