Tag Archives: OpCapita

Sportech looks forward following ‘transformational’ H1 2017

The governance of London-listed industry betting and racing systems provider Sportech Plc has described the first half of 2017 as a ’transformational period’ for its business. The company which continues to expand internationally, securing new betting systems contracts in Asia, Denmark and the USA (Connecticut) would report H1 2017 period corporate revenues of £36.4 million up 5% corresponding 2016’s £34.7 …

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Sportech – £83 million sale of The Football Pools to be completed this June

Updating investors, London-listed betting systems provider Sportech Plc has informed that it is on course to complete its sale of The Football Pools to London private equity firm OpCapita for £83 million. Sportech governance states that its will conclude the sale by the Football Pools by 8 June, with OpCapita special vehicle ‘FP Acquisitions Limited’ having been approved a betting …

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Solid start to 2017 sees Sportech expand corporate footprint in Asia & USA

The governance of London-listed racing technology and betting systems provider Sportech Plc has declared a solid start to 2017 (Q1: January – March) in-line with corporate expectations. Updating investors ahead of its annual AGM, Sportech discontinues accounting the performance of its Football Pools division having agreed to sell the asset to London private equity firm OpCapita for £83 million last …

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Sportech agrees to sell Football Pools for ‘£83 million cash’ to OpCapita PE

Updating the market, Sportech Plc has confirmed that it has entered a ‘conditional agreement’ to sell its Football Pools division for £83 million to ‘FP Acquisitions Limited’ a newly created company controlled by the funds of London private equity firm OpCapita. Seeking deal clearance, Sportech governance will now present the cash offer to its investors for approval. The Sportech board …

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Gala Coral denies OpCapita retail bid

Gala Coral management has moved to dismiss reports that it has held acquisition talks with international private equity firm OpCapita, over the sale of its Gala retail business unit. Last week UK business news sources reports that OpCapita had submitted an undisclosed bid for Gala Retail gambling division, a business unit that Gala Coral has considered selling in the past. …

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