Kirkland Represents Allwyn Entertainment and KKCG Investment Group in $9.3 Billion NYSE Listing
Kirkland & Ellis advised Allwyn Entertainment, a leading multinational lottery operator, and KKCG Investment Group, the majority owner of Allwyn, on Allwyn’s listing on the New York Stock Exchange (NYSE) in partnership with NYSE-listed Cohn Robbins Holdings Corp., resulting in a total enterprise value for Allwyn of approximately $9.3 billion. Concurrent with the consummation of the proposed transaction, a group of international investors have committed to purchase more than $350 million of securities of the combined company through a PIPE investment. The transaction is expected to close in the second quarter of 2022, subject to customary closing conditions.
The Kirkland team was led by corporate partners Steven Li, Jonathan Davis and Emily Lichtenheld and associates Steven Choi, Caitlin McAuliffe and Daniel Yip, and capital markets partners Peter Seligson and Tim Volkheimer and associate Beth Palkovic.
