Sportingbet sides with Nabarro for move to LSE

Nabarro’s gaming team has advised Sportingbet on its £343m move from AIM to the main market.

Sportingbet’s prospectus was published on 28 April and the company is ­expected to be admitted to the London Stock Exchange on 14 May.

Corporate partner ­Graham Stedman led on the deal for Nabarro’s longstanding client along with senior associate James Archibald.

Oriel Securities, also a Nabarro client, acted as nominated adviser under advice from Herbert Smith partner Will Pearce.

This was the third gaming deal Nabarro has acted on recently, with Stedman also advising Gaming VC Holdings on its redomiciliation from ­Luxembourg to the Isle of Man.

abarro associate Ben Macdonald assisted Stedman. Loyens & Loeff gave advice on the ­Luxembourg aspects, while Cains Advocates provided Isle of Man advice.

Separately, Nabarro ­corporate partner Alasdair Steele advised Inspired Gaming on its £74.4m ­recommended takeover by Gaming Acquisitions Limited. Nabarro head of private equity Andrew Inkester advised Inspired Gaming’s executive management team. On the other side, Gaming ­Acquisitions was advised by Dickson Minto. Hogan Lovells acted for the senior debt providers.