Tag: CVC Capital Partners

CVC in bid to build $4bn global tennis group

CVC Capital bid to build 4bn global tennis group
In its latest play for global sports revenues, Luxembourg-based private equity group, CVC Capital Partners, plans to pool men’s and women’s pro tennis tours into a single entity - One Tennis - from which to sell on media rights to broadcasters, and betting data to bookies.

CVC seeks advice on SkyBet floatation

cvc capital partners sky
SkyBet’s majority owner, CVC Capital, has reportedly hired bankers from Rothschild to assist with an initial public offering for the online gaming firm, with the aim of raising up to £3bn.   The target figure would represent one of the sharpest valuation curves in recent years. When the private equity firm first acquired its controlling stake in SkyBet in 2014, it...

CVC and Blackstone in £3bn for Paysafe

BBI - £3bn Aprivate
Aprivate, the consortium behind CVC Capital and Blackstone, has announced its plans to takeover Paysafe in a £3bn takeover bid.   Aprivate equity consortium has launched a £3bn takeover bid for the gaming-centric payments firm, Paysafe. The consortium includes both CVC Capital - which is already heavily invested in gaming firms: SkyBet, Tipico and Sisal - and Blackstone, which made its foray...

Sky Betting & Gaming denies corporate flotation rumours

Betting Business Sky
The governance of Sky Betting & Gaming (SB&G) has stated that the betting operator has no current plans regarding a corporate flotation. SB&G dismissed rumours that private equity owners CVC Capital Partners were looking to take the company public in early 2017. The Sunday Telegraph reported that CVC Capital were in the ‘early stages’ of reviewing a potential floatation of SB&G,...