Nexus Group acquires $21m stake in Peruvian lottery operator Intralot

Private equity fund Nexus Group, through its vehicle NG Entertainment Peru, has acquired a 20% stake in Integrated Lottery Systems and Services (Intralot), the leading lottery and sports betting operator in Peru.

Posté le Friday, March 12th 2021
Nexus Group acquires $21m stake in Peruvian lottery operator Intralot

The transaction was valued at $21 million and was executed as a share-purchase agreement under the laws of New York. The deal closed on February 8th and was executed on the Lima Stock Exchange.

Intralot operates the Tinka, Te Apuesto and Kábala betting and lottery trademarks.

Nexus Group is a Peru-based private equity firm focused on investment opportunities provided by the dynamic Peruvian macroeconomic landscape and the country’s emerging middle-class population, according to the firm’s profile.

Nexus makes controlled equity investments, focusing on creating significant value through strategic operational and financial improvements, and appoints senior investment professionals to management positions in its portfolio companies.

Nexus is led by managing partners Carlos Rodriguez-Pastor, Juan Carlos Vallejo and Juan Alberto Franco, who have built a broad portfolio of leading companies in Peru over the last 15 years.

Among its recent investments are Cineplanet, Casa Andina and Peruplast.

Nexus was advised on the investment by BBGS Saco-Vertiz & Landerer Abogados (BBGS Perú), with a team led by partners: Carlos Saco-Vertiz Tudela, Jaime Sabat Pancorvo and Gerardo Guzmán Espino.

NG Entertainment Peru was advised by its in-house lawyers, principal and general counsel Guillermo Cabieses, senior counsel Gustavo Yokoo and analyst Rodrigo Vega.

Skadden, Arps, Slate, Meagher & Flom also advised Nexus Group, with partner Paola Lozano and counsel Ralph E. Pérez.

Intralot was advised by law firm Reed Smith, with a team comprising Panagiotis Katsambas, Christopher Michael Sheaffer, Julia Maureen Boyd and Konstantinos Prothromos Melitsanopoulos.

Intralot was also advised by law firm Miranda & Amado Abogados, whose team featured Roberto Mac Lean Martins and Javier Humberto García Vélez.