The summer saw a surge in the number of M&A transactions involving gambling companies, with deals proposed involved Betfair, Paddy Power, bwin and GVC.

Last week saw yet another betting-related deal, with Ashurst and Osborne Clarke winning key roles on Gala Coral’s £241m sale of Gala Bingo to Caledonia Investments.

Ashurst acted for Gala Coral in the latest of a series of high profile deals in which the firm has advised the betting company. In June, the firm represented Gala during its recent merger talks with rival gaming company Ladbrokes, while Ashurst also worked on the £205m sale of Gala Casinos to Rank Group in 2012. 

Browne Jacobson worked alongside Ashurst on this recent transaction, providing corporate finance advice.-

Meanwhile Osborne Clarke picked up the mandate for the buyer Caledonia investments.

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