14/08/2026
We're delighted to have helped Evoke plc - the owner of brands such as William Hill and 888 - with its £243.1m acquisition by Bally’s Intralot.
The all-share acquisition for the entire ordinary share capital of Evoke, follows Evoke's strategic review announced in December last year. Subject to approvals, the acquisition is set to be completed in either Q4 2026.
Under the agreement, Evoke shareholders will receive 0.537 new Bally’s Intralot shares for each Evoke share, with a limited cash alternative also available. The offer values Evoke at 52p per share. Evoke’s directors intend to unanimously recommend that the company’s shareholders vote in favour of the deal, which will form a “geographically diversified gaming champion with operations across six core markets”.
Evoke chairman Mark Summerfield commented: “The combination will create one of the world’s leading online betting and gaming groups with superior scale, exceptional brands, increased diversification and a platform for strong growth through enhanced capabilities. I’m confident Intralot will be a strong and supportive owner of the business, and together with the more sustainable capital structure, the combination offers the best route to deliver long-term value for our shareholders and broader stakeholders.”
Our thanks to our wonderful clients at the company and advisors Latham & Watkins, Morgan Stanley and Rothschild acting for Evoke, along with Millbank, Deutsche Bank and Jefferies acting for Bally’s Intralot.
If you'd like to find out how we can help ensure the success of your critical M&A projects, chat with us today: hello@blackandcallow.com
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