Shardul Amarchand Mangaldas & Co. advised acquisition of Flutter Entertainment in Junglee Games

Shardul Amarchand Mangaldas & Co. advised acquisition of Flutter Entertainment in Junglee Games

Shardul Amarchand Mangaldas & Co. advised Flutter Entertainment Plc. to acquire 50.06% of the securities of Junglee Games Inc. - a leading online real money gaming company in India including shares of Ankush Gera. The date of closing was 28 January 2021.

The transaction team was led by Puja Sondhi, Partner; Aayush Kapoor, Partner; Aakanksha Dalal, Senior Associate; Harjas Singh, Associate.

The transaction team was supported by the following specialist teams: Payments Systems team (led by Zubin Mehta, Partner), Intellectual Property team (led by Mukul Baweja, Partner), employment team (led by Pooja Ramchandani, Partner), Data Privacy team (led by Shahana Chatterji, Partner) and tax teams (led by Amit Singhania, Direct Tax Partner and Rajat Bose, Indirect Tax Partner).

Other advisors on the deal were: (i) Horatio Partners were exclusive financial advisors to Junglee Games, Michelman & Robinson LLP were legal counsel to Junglee Games (ii) Arthur Cox LLP were legal counsel to Flutter and (iii) Paul Hastings were the US counsels to Flutter.