Berwin Leighton Paisner is understood to be advising Playtech on its placing to raise £112m for the purposes of financing future acquisitions.
Playtech is a longstanding client of BLP, which also acted on online gambling software company’s £548.3m flotation on AIM in March 2006.
Commenting on the latest deal, David Collins, head of corporate finance and Playtech client relationship partner, said: "Given the challenging market conditions, the strong institutional appetite for the stock at a small discount to Playtech’s prevailing market price is a testament both to the very impressive growth of the business to date and the market’s confidence in management."
