Sazka Group and its owner KKCG said on Tuesday funds connected to private equity firm Apollo Global Management had agreed to invest 500 million euros ($591 million) in the Czech-based lottery group.
The investment will be made into Sazka Entertainment, a new subsidiary of KKCG that will become the 100% owner of Sazka Group upon closing. The investment will be for merger and acquisition opportunities in Europe and North America.
Sazka said the transaction implied an equity valuation of 4.2 billion euros for Sazka Entertainment.
Source: Reuters
Can’t stop reading? Read more
Industrial Opportunity Partners takes ownership of Charcuterie Artisans in expansion push
Industrial Opportunity Partners takes ownership of Charcuterie Artisans in expansion push...
Centurium considers exit from $6bn Taibang Biologic after 2021 take-private
Centurium considers exit from $6bn Taibang Biologic after 2021 take-private Centurium Capital is...
Cinven takes control of Grant Thornton Germany to drive top-five ambition
Cinven takes control of Grant Thornton Germany to drive top-five ambition Cinven has secured a...