Ropes & Gray Advises Sports Entertainment Acquisition Corp. in Merger with Super Group to Create NYSE-Listed Global Gaming Company
Ropes & Gray advised Sports Entertainment Acquisition Corp., a publicly traded special purpose acquisition company, in a definitive agreement to combine with SGHC Limited (“Super Group) to create a global gaming company to be listed on the New York Stock Exchange. The transaction was announced on April 25. The press release is here.
Sports Entertainment Acquisition Corp. trades on the NYSE under the symbol “SEAH.” The special purpose acquisition company is focused on the sports and entertainment sectors as well as technology and services associated with these verticals. Super Group is the holding company for the global online sports betting and gaming businesses Betway and Spin.
The Ropes & Gray team that advised Sports Entertainment Acquisition Corp. was led by mergers & acquisitions partners Carl Marcellino (New York) and Rachel Phillips (New York), and private equity associate PJ Sullivan (Boston), and included capital markets partner Paul Tropp (New York), private equity associate Kim Ton-That (New York), tax partners Elaine Murphy (Boston) and Andrew Howard (London), data, privacy & cybersecurity partners Rohan Massey (London) and Edward McNicholas (Washington D.C.), employment, executive compensation & benefits partner Renata Ferrari (Boston) and private equity partners Kiran Sharma and Elizabeth Todd (both of London).