IFLR1000

Stars Group $4.7 billion acquisition of Sky Betting & Gaming

23/4/2018
Private acquisition
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$ 4.7 billion

Announced

23/4/2018

Overview:

  • Stars Group has acquired Sky Betting & Gaming for $4.7 billion.
  • The seller is CVC Capital Partners, the operator of Sky Casino, Sky Poker and Sky Bingo.
  • Parent company Sky has sold its 20% stake in Sky Bet.

Katrin Kostadinova - Data analyst

Jurisdiction:

United Kingdom

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

England and Wales

Industry sector:

Gaming

Firms:
Freshfields Bruckhaus Deringer

Party: CVC Capital Partners (Seller)

Party: Sky Betting & Gaming (Seller)

Lawyers: Christopher Mort, Tim Wilmot, Valerie Ford Jacob

Gibson Dunn & Crutcher

Party: Stars Group (Acquirer)

Herbert Smith Freehills

Party: Sky (Seller)

Lawyer: Mark Bardell

Paul Weiss Rifkind Wharton & Garrison

Party: Stars Group (Acquirer)

Stikeman Elliott

Party: CVC Capital Partners (Seller)

Party: Sky Betting & Gaming (Seller)

White & Case

Party: CVC Capital Partners (Seller)

Party: Sky Betting & Gaming (Seller)

Lawyer: Martin Forbes

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