PE-backed Tipico buys Via Consulting

Following the deal, the Maltese business will take over the management of 50 betting stores across Berlin and the German region of North Rhine-Westphalia. Further details surrounding the transaction remain undisclosed.

Previous funding
CVC Capital Partners acquired a majority stake in betting group Tipico in April 2016. According to press reports, the deal valued the business at approximately €1.1bn, or nine times its expected core earnings.

According to unquote" sister publication Debtwire, Morgan Stanley and Unicredit provided €600m of senior debt to support the deal.

Company
Based in Berlin, Via Consulting manages 50 betting stores in Berlin and West Germany.

Advisers
Acquirer – Würtenberger Winstel Kern Pawlik, Marc Winstel, Thomas Würtenberger, Hannes Kern, Mirko Heinemann, Clemens Pölzelbauer (M&A); Brandl & Talos, Thomas Talos, Stephan Strass (legal); EY, Albrecht Müller, Steffen Höhl (tax).
Vendor – Rosztok & Kollegen, Andreas Rosztok (legal).

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• Topics
• Portfolio management
• Consumer
• DACH
• Germany
• Build-up
• CVC Capital Partners