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
Top private equity news of the week
Top private equity news of the week Apollo Global Management and BNP Paribas are close to...
Danske Bank scales alternatives mandate to $245m with Danish Industry
Danske Bank scales alternatives mandate to $245m with Danish Industry Danske Bank Asset Management...
Bain Capital takes majority stake in Swedish distributor Tingstad
Bain Capital takes majority stake in Swedish distributor Tingstad Bain Capital has agreed to...