Winston & Strawn LLP Serves as Legal Advisor to the Placement Agents in Connection with Allwyn Entertainment

Winston & Strawn LLP is serving as legal advisor to the placement agents in connection with Allwyn Entertainment, (“Allwyn Entertainment” or “Allwyn” or the “Company”), a leading multinational lottery operator, business combination with Cohn Robbins Holdings Corp. (CRHC), a special-purpose acquisition company, resulting in Allwyn becoming a public company on the NYSE with an expected total enterprise value for Allwyn of approximately $9.3 billion.  Allwyn is one of Europe’s largest and fastest growing lottery companies and its strong performance across its markets is helping to fund good causes in Austria, the Czech Republic, Greece, Cyprus and Italy. Current Allwyn equity holders are expected to retain approximately 83% ownership in the Company, and no new shareholder of the Company will own a stake of more than 5% immediately following the transaction.

Current Allwyn equity holders are expected to retain approximately 83% ownership in the Company, and no new shareholder of the Company will own a stake of more than 5% immediately following the transaction. CRHC holds approximately $828M of cash in trust and the transaction will provide $350M from committed PIPE investments. CRHC, a special purpose acquisition company, holds approximately $828 million of cash in trust. The proposed transaction, which has been unanimously approved by both the Board of Directors of Allwyn and the Board of Directors of CRHC, is expected to close in the second quarter of 2022, subject to approval by CRHC’s stockholders, gaming regulatory approvals and other customary closing conditions.

Press Release

https://www.morningstar.com/news/pr-newswire/20220121ny38198/allwyn-entertainment-a-leading-multinational-lottery-operator-to-support-growth-with-new-york-stock-exchange-listing-in-partnership-with-publicly-traded-cohn-robbins-holdings-corp

Deal Team

Mike Blankenship, Lead Partner, Houston

Paul Amiss, Partner, London

John Niedzwiecki, Associate, Houston

Robbie Oakes, Associate, Houston

Luisa Patoni, Associate, Houston

Ben Smolij, Associate, Houston