CVC takes stake in Stars Group with close of $4.7 bln SBG deal
European private equity firm CVC Capital Partners said it acquired common shares in The Stars Group Inc (TSX: TSGI, Nasdaq: TSG), a Toronto-based provider of technology product offerings to the gaming and interactive entertainment industries. The acquisition gives CVC about 12.4 percent of the company's issued and outstanding shares. It is linked with Stars Group's buy of U.K. online gaming business Sky Betting and Gaming (SBG), which closed this week. The US$4.7 billion deal was announced in April. CVC acquired a majority interest in SBG from Sky Plc in 2015.
11 July 2018•2 mins read
