Kirkland & Ellis advised Allwyn AG (“Allwyn”), Europe’s leading lottery operator, on the acquisition of the Camelot Lottery Solutions group of companies (the “Camelot LS Group”) from Ontario Teachers’ Pension Plan Board, a global investor. The Camelot LS Group, headquartered in Chicago, operates the Illinois Lottery under a private management agreement through its operating company, Camelot Illinois LLC. Following the transaction, the proven leadership team will have access to the in-depth experience developed by Allwyn over more than a decade of operating and improving lotteries across Europe. The transaction is anticipated to close in the first quarter of 2023, subject to satisfaction of customary closing conditions. The terms of the transaction were not disclosed.
Read the transaction press release
The Kirkland team was led in the U.S. by corporate partners Steven Li and Jonathan Davis and associates Jackson Knight and Jermaine Cherry, technology & IP transactions partners Aaron Lorber and Kevin Jacobsen, tax partner Jared Rusman and executive compensation partners Scott Price and John Kleinjan, and in London by corporate partner Keir MacLennan, tax partner Peter Abbott and antitrust partner Alasdair Balfour.