
BC Partners and TPG circle Greek lottery business
BC Partners and TPG Capital are among the potential bidders for a 33% stake in Greek lottery monopoly OPAP, put up for sale by the country's Hellenic Republic Asset Development Fund (HRADF).
HRADF stated that eight potential investors, including BC and TPG, had expressed their interest prior to the 9 November deadline.
Other suitors include Fosun International's Primrose Treasure Ltd, Third Point and Triple Five World Group Properties Ltd.
HRADF's advisers will now examine the submissions and will send their recommendations to the HRADF Board of Directors within the next few days, in order to move forward with the next phase of the tender.
The sale is part of Greece's efforts to raise funds as the country tries to meet the conditions of its international bailout plan.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater