Tag Archives: CVC

CVC Capital braces Sky Betting and Gaming for stock market flotation

The majority owner of Sky Betting and Gaming, CVC Capital is contemplating the possibility of a stock market flotation of the Leeds-based online betting operator. According to Reuters, the equity firm is looking to capitalise on soaring thriving equity markets and the continuing popularity of online betting, hiring investment bank Rothschild to examine whether a stock market listing of the British …

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Paysafe board recommends £2.96bn offer from CVC and Blackstone

Major payments provider Paysafe is to be acquired by private equity giants CVC and Blackstone after the company’s board gave a great light to the 590p per share offer that was put on the table last month. The deal values Paysafe at £2.96bn and brings the company, which recently bought affiliate scheme business Income Access, under the ownership of two …

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Betcade returns to business having secured critical funding

Betcade the ‘real-money’ dedicated gaming/gambling app store has returned to business having gained critical investment from Vancouver-based private equity firm Columbia Ventures Corporations (CVC).  At the start of the year, Batcade management had issued a corporate statement informing industry stakeholders that the company had ceased its operations. At the time Betcade management did not disclose any specific reason as to …

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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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Is the betting market prepared for the rise of The Sun?

This summer’s Euro 2016 Championships has seen a glut of new sportsbook announcements, but few are as intriguing as the plans between The Sun newspaper and Australian operator Tabcorp to launch Sun Bets. The UK market is no stranger to attempts by octogenarian media mogul Rupert Murdoch to leverage the pre-eminent position of his business interests in the UK media …

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