Törngren Magnell assisted in the sale of Vera&John to the Intertain Group

Törngren Magnell was lead legal adviser to the sellers in connection with the sale of all shares in Dumarca Holdings PLC, the Malta-based parent company of the Vera&John Group, to Canadian The Intertain Group Limited for a maximum consideration of EUR 89.1 million, appr. SEK 840 million, on a cash and debt free basis. The consideration was paid partly in cash, partly with shares in The Intertain Group.

Vera&John is a leading, fully-integrated global online casino, operating in 11 countries globally under three core brands: Vera&John, Vera&Juan and Vera&John Social.

The Intertain Group is an online gaming company that provides entertainment to a global consumer base by offering casino, bingo and poker games using the InterCasino, InterPoker, Costa and other brands. The shares of The Intertain Group are listed on the Toronto Stock Exchange.

The firm’s team was led by Sten Hedbäck, partner, and included Elsa Ekblom, Lisa Ström, Christoffer Kenling, Anna Bjurell and Peter Plewinski, associates. Anna Jerndorf, partner, was responsible for labour law advice, assisted by Elsa Nikolai. The firm coordinated a team of international law firms assisting the sellers in the transaction, including leading law firms McCarthy Tétrault (Canada) and WH Partners (Malta).

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