Cohn Robbins in Talks to Bring Allwyn Public Via SPAC Merger
Cohn Robbins Holdings Corp. (NYSE:CRHC) the blank-check firm led by former Goldman Sachs Group Inc. executive Gary Cohn and Clifton Robbins, has held talks to merge with Allwyn, a Europe-focused lottery operator which also has digital-gaming and sports-betting businesses, according to people with knowledge of the matter. The Cohn Robbins special purpose acquisition company has attempted to raise a so-called private investment in public equity, or PIPE, to support the transaction, the people said. A transaction size couldnt immediately be learned. A deal hasnt been finalized and if one is reached, its not expected to be until January 2022 at the earliest.