Super Group to Combine With SPAC Sports Entertainment Acquisition Corp.

New York – April 25, 2021 – Cooley advised Super Group, a holding company for leading global online sports betting and gaming businesses Betway and Spin, on its agreement to merge with Sports Entertainment Acquisition Corp., a special purpose acquisition company or SPAC. The transaction places a pre-money valuation on Super Group of $4.75 billion and will result in the combined business being publicly listed on the New York Stock Exchange under the symbol “SGHC.” Partners Justin Stock, Garth Osterman, Miguel Vega and David Peinsipp led the Cooley team advising Super Group.

The combination will give Super Group access to the capital markets and a strong platform to accelerate its global growth strategy, as well as expansion into the fast-growing US online sports betting and gaming market. The transaction is expected to close in the second half of 2021.

“We have established our group as a truly global, scaled and profitable digital gaming business, delivering on our vision to bring first-class entertainment to the worldwide betting and gaming community,” Neal Menashe, CEO of Super Group, said in a news release. “Becoming a public company will give us the tools to continue to grow our leading product and technology offering and deliver a strengthened sponsorship-driven marketing strategy.”

Super Group, the holding company for Betway, a premier online sports betting brand, and Spin, a multi-brand online casino offering, is licensed in 23 jurisdictions, with leading positions in key markets throughout Europe, the Americas and Africa. The group’s successful sports betting and online gaming offerings are underpinned by its scale and leading technology, enabling fast and effective entry into new markets. Its proprietary marketing and data analytics engine empowers it to responsibly provide a unique and personalized customer experience.

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Related Contacts
Justin Stock  Managing Partner – London London
Garth Angelo Osterman  Partner San Francisco
Miguel J. Vega  Partner Boston
David Peinsipp  Partner San Francisco, Palo Alto
Shehzad Akram  Paralegal London
Russell Anderson  Associate London
Wilber A. Barillas  Associate Boston
Ann Bevitt  Partner London
Harry Calkin  Associate London
Michael Coburn  Associate New York
Amy Collins  Special Counsel London
Sharon Connaughton  Special Counsel Washington, DC
Chris Coulter  Partner London
Caitlin Courtney  Associate Palo Alto
Ross Eberly  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Anthony Hajj  Associate New York
Paula Holland  Partner London
Rick Jantz  Associate Los Angeles – Santa Monica, Los Angeles – Downtown
Natasha Kaye  Partner London
Christopher Kimball  Partner Washington, DC
Kevin King  Partner Washington, DC
Alexander Lee  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Eileen Marshall  Partner Washington, DC, Palo Alto
Howard Morse  Partner Washington, DC
Juan Nascimbene  Associate London
Aaron Pomeroy  Partner Colorado
Rebecca Ross  Special Counsel Washington, DC
Stella Sarma  Special Counsel Brussels, London
Leo Spicer-Phelps  Associate London
Nicola Squire  Associate London
Chris Stack  Partner London
Edward Wang  Associate San Francisco
David Wilson  Partner London
Jessica Winn  Associate Boston
Adriana Wirtz  Partner New York