Stibbe advises FL Entertainment, a global leader in independent content production and fastest-growing online sports betting platform in Europe through its Banijay Group and Betclic Everest Group businesses, on its business combination with Pegasus Entrepreneurial Acquisition Company Europe B.V. (Pegasus Entrepreneurs), a SPAC listed on Euronext Amsterdam, pursuant to which FL Entertainment will become a public company with an initial enterprise value of €7.2 billion – the largest business combination by a European-listed SPAC.
The transaction provides the FL Entertainment Group with the opportunity as a public company to further growth and the extensive consolidation opportunities for its two businesses Banijay and Betclic. Pegasus Entrepreneurs is a special purpose acquisition company (''SPAC'') focused on European growth companies. Upon closing of the transaction, the combined company will be named FL Entertainment.
Stibbe advised FL Entertainment Group together with Darrois Villey Maillot Brochier.