Tag Archives: Goldman sachs

Flutter calls for £850m private placement capitalising on disruptions

Flutter Entertainment Plc has this afternoon confirmed that it plans to sanction a private placement of 8 million corporate shares made available to ‘institutional investors’. The enlarged FTSE100 gambling group seeks to raise a further £850 million in working capital, strengthening its liquidity to take advantage of the short and long-term opportunities presented by a disrupted marketplace. Confirming the placement, …

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En Marche appoints banking collective to table an FDJ IPO

The French government has accelerated its plans to privatise state-owned lottery and sports betting operator Francaise des Jeux (FDJ), appointing a collective of eight investment banks to work on the sale of the asset. This week, the APE, the agency overseeing the management French state-owned firms, confirmed that BNP Paribas would be joined by Citigroup, Goldman Sachs, Credit Agricole, HSBC, …

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The Stars Group triggers new public share offering to close Sky Bet acquisition

Issuing a corporate update, Toronto TSX-listed The Stars Group Inc, has today disclosed its supplementary prospectus related to its proposed new public share offering. Updating the market, the Stars Group’s treasury will move to implement a 15 million common share placement, which will be additionally supported by secondary 6 million share disposal undertaken by existing corporate shareholders. Stars Group governance …

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Repeat Performance! Accuscore seeks to out forecast Goldman Sachs at Russia 2018

Sports forecasting software Accuscore seeks to repeat its World Cup 2014 success, outperforming financial powerhouse Goldman Sachs in predicting Russia 2018’s match outcomes, individual team performances and eventual winners. Keeping up traditions, this week Goldman Sachs the world’s leading investment bank released its World Cup Russia 2018 forecast, which has been developed internally by its analysts running ‘200,000 models and …

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CMC Markets announces intention to float on LSE

CMC Markets, a spread betting broker and provider of online financial trading, has announced its intention to float on the London Stock Exchange. It is expected that the planned initial public offering, confirmed by the company today, will value the company at around £1 billion.  Founded in 1989 by former Tory party treasurer and “Brexit” campaigner Peter Cruddas, CMC Markets became a pioneer of online …

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CFO latest to leave spread betting operator IG Group

IG Group Holdings plc, one of the biggest spread betting operators, has announced that Chief Financial Officer Chris Hill is to leave the company in order to take up the role of Chief Financial Officer at Hargreaves Lansdown plc.  It is anticipated Hill will continue in his current role until the end of his notice period and leave IG in …

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Gala Coral targets post UK Election IPO

The Financial Times (FT) has reported that Gala Coral governance are preparing for a potential IPO post the UK General Election (7 May). The newspaper reports that the operator is targeting a potential Q4 2015 float. Gala Coral governance will examine whether market conditions are favourable post the election as the UK gambling market may be hit with further constraints …

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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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