Fladgate was pleased to act for Noozhoo Nokiiyan LP, the investment vehicle of Mississaugas of Scugog Island First Nation, on its investment in Sonco Gaming UK Ltd. Noozhoo Nokiiyan LP owns 25.86% of the issued share capital of Sonco Gaming UK Ltd.
The transaction was completed through a special purpose vehicle, Sonco UK BidCo Limited which acquired Coastbright Limited, owners of London’s prestigious Maxims Casino Club, for £34.6 million.
Lead partner Nigel Gordon commented: “We were delighted to act for Noozhoo Nokiiyan LP on this sizeable investment to obtain 25.86% of the issued share capital of Sonco Gaming UK Ltd. This was a strategic move for Noozhoo and we look forward watching the business continue to strengthen its position in the market.”
Nigel was supported by Diana Mennie, Alex Haffner, Muhammed Bhaimohmed, and Amanda Hado-Bodfield.