Super Group Merges with Sports Entertainment Acquisition Corp. and Lists on NYSE
Super Group, the parent of Betway, a global technology company delivering the world’s leading, regulated, online betting and gaming brands, has entered a definitive agreement to merge with Sports Entertainment Acquisition Corp. (SEAC), a publicly traded special purpose acquisition company. The newly combined company will list its shares on the New York Stock Exchange and will operate under the name Super Group. The group will be debt-free and valued at approximately US$4.75 billion. Super Group is one of the most successful Microgaming-led online gaming businesses globally, and successfully built and scaled a significant betting brand, benefiting from in-house technology, strong operations management and multinational know-how.
Aird & Berlis acted as legal counsel to SEAC on Canadian regulatory matters with a team that included Peter Czegledy (Chair, Gaming), Angela Swan (Corporate/Commercial) and Lynn Tay (Corporate/Commercial), alongside co-counsel Ropes & Gray LLP and Blank Rome LLP in the United States and CMS Cameron McKenna Nabarro Olswang LLP in the United Kingdom.