M&A Deal Summary

CVC Capital Partners Acquires Sky Betting & Gaming

On December 4, 2014, private equity firm CVC Capital Partners acquired internet software and services company Sky Betting & Gaming from Sky for 800M GBP

Acquisition Highlights
  • This is CVC Capital Partners’ 2nd transaction in the Internet Software and Services sector.
  • This is CVC Capital Partners’ 28th largest (disclosed) transaction.
  • This is CVC Capital Partners’ 38th transaction in the United Kingdom.
Investment Fate
  • Sky Betting & Gaming was sold to a publicly-traded strategic buyer in 2018 for 4.7B USD.

M&A Deal Summary

Date 2014-12-04
Target Sky Betting & Gaming
Sector Internet Software and Services
Buyer(s) CVC Capital Partners
Sellers(s) Sky
Deal Type Divestiture
Deal Value 800M GBP

Target

Sky Betting & Gaming

Leeds, United Kingdom
Hestview Ltd. is a provider of an online betting and gaming including SkyBet, SkyVegas, Soccer Saturday Super6 and Sky Sports Fantasy Football. Hestview was founded in 2011 and is based in Leeds, United Kingdom.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 169 of 328
Sector: Internet Software and Services M&A 2 of 8
Type: Divestiture M&A Deals 19 of 40
Country: United Kingdom M&A 38 of 61
Year: 2014 M&A 10 of 10
Size (of disclosed) 28 of 58
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Avolon Holdings

Dublin, Ireland

Avolon Holdings Ltd. is a provider of aircraft leasing and lease management services to airlines and aircraft investors worldwide. Avolon Holdings was formed in 2010 and is based in Dublin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-15 TechnoPro Holdings

Tokyo, Japan

TechnoPro Holdings is comprised of five staffing companies, CTEC, CSI, Hitec, N&C and TPE, each specialized in specific industry sectors. As a group, the business employs over 10,000 engineers (mostly employed full-time) and dispatches them to over 1,500 customers. The business is well-diversified across industries and its engineering base covers a wide range of technologies, such as advanced medical research, new materials technology, alternative energy, hybrid vehicle design, embedded software, cloud computing, and construction engineering. TechnoPro Holdings was founded in 1995 and is based in Tokyo, Japan.

Sell -

Seller(S) 1

SELLER

Sky

Isleworth, United Kingdom

Category Company
Founded 1988
Sector Media
Revenue 12.0B GBP (2016)
DESCRIPTION

Sky plc is an entertainment company together with its subsidiaries, operates as a home entertainment and communications company in the United Kingdom and Ireland. It retails television, broadband, and telephony services to residential customers, as well as commercial customers, such as offices, retail outlets, hotels, pubs, and clubs; and operates WiFi network across the UK and Europe that provides Internet access to WiFi enabled smartphones, laptops, and entertainment devices. Sky plc was established in 1988 and is headquartered in Isleworth, England.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 2 of 2
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Love Productions

London, United Kingdom

Love Productions Ltd. is an independent production company. Love Productions specializes in thought-provoking, entertaining television for the UK and international markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 Jupiter Entertainment

Knoxville, Tennessee, United States

Jupiter Entertainment is an independent production company with a track record of creating successful, returning popular factual series and formats.

Buy -