CVC acquires majority stake in Tipico

The sale of the Malta-based international betting group, which had recently been put on the block by its founders in an auction, should be completed towards the end of 2016. Tipico's current owners will remain shareholders of the company.

Details of the transaction remain undisclosed; however, a Reuters news report recently stated that sources expected the planned offer to value Tipico at around €1.1bn, or nine times its expected core earnings.

The buyout should enable Tipico to take advantage of CVC's expertise in the betting industry. The GP has previously completed similar transactions, such as the acquisition of a majority stake in Sky Betting & Gaming from Sky in 2014 for an estimated £800m, and that of William Hill in 1999 and IG Group in 2003.

Company
Founded in 2004, Tipico is one of the main providers of sports betting in Germany, sponsoring soccer clubs such as FC Bayern and Hamburg's HSV.

Based in Saint Julian's, Malta, and employing more than 5,000 staff, it currently operates in five countries: Germany, Austria, Croatia, Gibraltar and Colombia.

Tipico offers a range of bets via a digital multichannel offering with online and mobile portals, and more than 1,000 betting shops worldwide.

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• Topics
• Buyouts
• DACH
• Consumer
• Germany
• Malta
• CVC Capital Partners
• Owner buyout