Tag Archives: CVC Capital

Game Changer! The Stars Group agrees to acquire Sky Bet for $4.7 billion

Toronto TSX-listed The Stars Group Inc continues its M&A drive, confirming this morning that it has reached an agreement with private equity firm CVC Capital Partners and Sky Plc to acquire Sky Betting & Gaming (SB&G) outright. Seeking to create the world’s ‘most valuable, listed online gambling enterprise’, the Stars Group governance has put forward a ‘cash and stock transaction valued …

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Next Chapter… Sky Bet seeks to replicate UK success abroad

A tech-savvy Sky Betting & Gaming (Sky Bet) dominated Monday’s industry headlines reporting stellar half-year results. Focusing on the in-house development of its platforms and systems, combined with rich data for greater personalisation of its website and mobile verticals, Sky Bet continues to show its technology pedigree against the industry’s legacy incumbents. City analysts are keeping a close eye on …

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Sky Betting & Gaming denies IPO rumours

The governance of Sky Betting & Gaming (SB&G) has stated that the betting operator has no current plans regarding a corporate flotation. SB&G has moved to dismiss industry rumours, as UK newspaper The Sunday Telegraph reported this weekend that private equity owners CVC Capital Partners were eyeing the floatation of its asset in early 2017. Acquired from UK broadcaster BSkyB …

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Scott Longley – Ghost Men: CVC Capital nets a hattrick of industry buyouts….

Having agreed to acquire Italian bookmaker Sisal for €1 billion, private equity firm CVC Capital Partners acquires its third gambling operator in less than two years. Having spent + €3 billion on European betting operators, Scott Longley  gauges the impact and motives for this PE giant extending its influence within the sector _________________________ The latest acquisition by private equity house …

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CVC Capital confirms Tipico acquisition

Private equity firm CVC Capital Partners furthers its presence in online gambling having acquired a majority stake in German focused sports betting operator Tipico Co Ltd. CVC adds the Malta licensed betting operator to its gambling portfolio, having secured the acquisition of Sky Betting & Gaming in December 2014 for £800 million. As yet no financial terms have been disclosed …

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Sky nets £600 million in sale of Sky Bet to CVC Capital

Sky Media (Sky) former owners of Sky Betting and Gaming (Sky Bet) has revealed that it earnt £620 (€885 million) from the sale of the online sports betting and igaming operator to private equity investor CVC Capital (first announced December 2014). The deal which was finalised on 19 March 2015, saw Sky sell an 80% controlling stake in Sky Bet …

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CVC Capital finalises acquisition of Sky Bet

Private equity firm CVC Capital has confirmed the completion of its 80% acquisition stake of Sky Bet from BSkyB. CVC Capital confirmed that its £800 million has been cleared of all regulatory compliances, allowing for the deal to be finalised. Under the terms of the transaction, BskyB has received cash of £600m and a vendor loan note, and will be …

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CVC Capital adjusts loan terms to increase investor support

Private equity group CVC Capital Partners announced that it was due to close its £390 million leveraged loan which will be used in the acquisition of a controlling stake in BskyB’s Sky Bet operations. CVC Capital had adjusted loan margins and added further investment conditions in order to attract investors to the deal. Reuters Business news reports that the £390 …

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