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CrownBet founders sign off on ‘milestone’ deals
Arnold Bloch Leibler has advised the founders of CrownBet on a series of transactions worth in excess of $5 billion.
Emma Musgrave
Firm: Arnold Bloch Leibler (CrownBet founders)
Area: M&A, finance
Key players: The ABL team was led by corporate & commercial partner Christine Fleer, and included senior associates Jason van Grieken and Gavin Hammerschlag, lawyer James Hamilton and law graduate Miguel Ferreira.
Furthermore, partner Paul Sokolowski and senior associate Greg Judd assisted with tax issues, while special counsel Damien Cuddihy provided financing advice and lawyer Luke Jedynak provided advice in relation to FIRB.
Deal significance: The founders of CrownBet include Matt Tripp, Grant Griffiths and Nick Tyshing.
ABL lead partner Christine Fleer described the four-stage process as a unique opportunity, noting the team was delighted to assist on transformative change for CrownBet and a fantastic result for its founders.
“We are very proud to have helped Matt Tripp and his team solidify CrownBet’s status as a leader in the Australian online wagering market,” said Ms Fleer.
“Matt and his team are smart and nimble operators and are now, together with The Stars Group, very well-placed for expansion as regulations change in Australia and worldwide.
“These deals rapidly evolved and ran in parallel – the successful conclusion of all of them within the same seven-day period represents a brilliant outcome for our clients.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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