February 06, 2024

Playmaker Capital Inc. acquired by Better Collective A/S

Goodmans LLP acted for Playmaker Capital Inc. in connection with its sale by way of plan of arrangement under the Business Corporations Act (Ontario) to Better Collective A/S.

Playmaker Capital Inc., the digital sports media company that delivers authentic content experiences through its portfolio of sports media brands, entered into a definitive agreement to be acquired by Better Collective A/S, a leading digital sports media group that owns and operates a number of global and national sports brands, including HLTV and Action Network, for total consideration of approximately EUR176 million.

Pursuant to the arrangement, Better Collective acquired all of Playmaker’s issued and outstanding common shares (the “Common Shares”). Shareholders of Playmaker, other than certain rollover shareholders, received, for each Common Share held, at the election of such Playmaker shareholder, either (a) C$0.70 in cash, (b) 0.0206 of an ordinary share in the capital of Better Collective (each ordinary share, a “Better Collective Share”), or (c) a combination of C$0.245 in cash and 0.0134 of a Better Collective Share, in each case subject to proration to ensure that the aggregate of the cash consideration payable under the Arrangement does not exceed 35% of the total consideration payable to Playmaker shareholders and the aggregate value of the share consideration issuable under the Arrangement does not exceed 65% of the total consideration payable to Playmaker shareholders.

The Common Shares will be delisted from the TSX Venture Exchange, and Playmaker will cease to be a reporting issuer under applicable Canadian securities laws.

Clients note, "They have a good team of very experienced lawyers who know the process, " adding, "They have a good bench strength." — Chambers Canada
Clients note, "They get our business and what we're trying to accomplish. It's not just technical advice." — Chambers Canada
One interviewee reported, "The Goodmans team as a whole is excellent," adding: "The lawyers are very responsive and get the job done. It is of great assurance to have them as our legal advisers." — Chambers Canada
One client noted, "...they handled a very complicated transaction involving many jurisdictions and did a very good job. They are always able to make comparative decisions through a relatively simple way and try to balance risk and find solutions." — Chambers Canada
Clients note, "The client service at Goodmans has always been excellent, and they are very deep from a corporate and financing perspective." — Chambers Global
Interviewees praise the firm's work on cross-border matters, saying: "The team's coordination is superb, its work ethic unparalleled and the service excellent." — Chambers Global
One client noted, "very strong legal minds, focus in on the business issues...good communicators, include my internal team as much or as little as we may want on a particular project." — IFLR1000
....punches above its weight for big-ticket M&A in Canada, recently advising on substantial transactions in mining, energy, technology and cannabis sectors. — Chambers Global
Clients commend Goodmans for being, "very entrepreneurial in their culture, in addition to being able to provide sophisticated and excellent legal assistance." — Chambers Canada

Practices

Industries

Playmaker Capital Inc. acquired by Better Collective A/S

Site Search

Playmaker Capital Inc. acquired by Better Collective A/S

Expertise

Featured Work