FERRERE advised CIRSA International Business Corporation S.L.U., a multinational leader in gaming and leisure backed by Blackstone, on acquisition of a majority equity stake in Entretenimientos del Este S.A. and Entretenimientos del Sur S.A., Paraguayan corporations operating under the name of Slots del Sol, the leading operator of physical and online casinos in Paraguay.
The deal marks CIRSA’s entry to the Paraguayan market, and the eleventh country in which it operates. It is a relevant landmark for the local M&A market, as a strategic investment by a top-class global operator in a regulated sector.
FERRERE’s advice covered all stages of the process: structuring of the deal, legal due diligence, preparation and negotiation of the share purchase agreement, negotiation of the shareholders agreement for post-closing corporate governance, coordination of closing, and implementation of company actions required for the share transfer and change of control of both companies.
The FERRERE team participating in this transaction was led by the partner Nestor Loizaga, with participation of the practitioners Sarah Contrera, Estefanía Baranski, Julio Lopez, Tanya Moreno, Sebastian Vallejos, Shamira Bogarin, Fabrizio Benavente and Karen Ferreira.
This transaction reaffirms FERRERE’s position as benchmark advisor on M&A deals in the regulated sector in Paraguay and the region.