International law firm CMS has advised Instant Win Gaming Limited (IWG), the leading supplier of online instant win games, on its agreement to partner with multi-national lottery operator Allwyn. The partnership is set to enhance Allwyn’s content offering and further drive innovation in the online instant win games space.
The investment in IWG is anticipated to close in the second half of 2024, subject to the satisfaction of customary closing conditions. IWG will continue to operate as a separate B2B business.
Rob Willis, Partner in the Corporate team at CMS, comments: “We’re pleased to have supported IWG on this agreement. The investment will propel Allwyn’s international offering in the online instant win games space, benefiting from the outstanding portfolio and global expertise of IWG.”
The CMS team advising IWG was led by Rob Willis and Stephen Kilshaw and included Belinda Sweeney, Keith Martin and Amani Salam (Corporate); Stephen Hignett and James Matthias (Tax); Andrew Quayle, Mala Patel and Alexandra Stuart (Share Schemes); Sarah Ozanne and Michelle De Santis (Employment); David Zeffman and Alasdair Lamb (Gambling Regulatory); and Brian Sher and Kabir Garyali (Competition). Fenwick & West supported on US tax and employee incentives aspects. Horizon3 Group acted as exclusive financial advisor to IWG.
