M&A Deal Summary

OpCapita Acquires Football Pools

On March 17, 2017, private equity firm OpCapita acquired leisure company Football Pools from Sportech for 83M GBP

Acquisition Highlights
  • This is OpCapita’s 1st transaction in the Leisure sector.
  • This is OpCapita’s 2nd largest (disclosed) transaction.
  • This is OpCapita’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2017-03-17
Target Football Pools
Sector Leisure
Buyer(s) OpCapita
Sellers(s) Sportech
Deal Type Divestiture
Deal Value 83M GBP

Target

Football Pools

Liverpool, United Kingdom
Football Pools is a UK-based operator of offline and online gaming, themed around predicting football match outcomes. The Company has a long heritage dating back to 1923 when the first coupons were distributed to fans outside Manchester United's Old Trafford ground. The current business was formed by the combination of Littlewoods Football Pools, Zetters Pools and Vernons Pools, re-branded under "The Football Pools" banner in 2008. The Company is headquartered in Liverpool.

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Buyer(S) 1

Buyer

OpCapita

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 700M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

OpCapita LLP invests in a variety of European retail, consumer and leisure businesses. The Firm looks to invest between €100 and €500 million in businesses that are 'strategically sound but operationally or financially challenged'. Sub-sectors of interest within retail/consumer include apparel, general retailers, food/beverage, household/lifestyle goods, and luxury/consumer goods. The Firm will consider a variety of transactions, including carve outs of non-core divisions, balance sheet restructurings, take privates, and sales of family owned businesses. OpCapita is the successor to Merchant Equity Partners. The Firm is based in London.


DEAL STATS #
Overall 7 of 10
Sector (Leisure) 1 of 1
Type (Divestiture) 4 of 5
Country (United Kingdom) 4 of 4
Year (2017) 1 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-29 BUT

Emerainville, France

BUT is a home equipment retailers in France, operating through a network of more than 300 stores. The Company offers a comprehensive selection of furniture, appliances, and decorative products, all complemented by attractive financing and extended warranty services. BUT was founded in 1972 and is based in Emerainville, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-03 Merkal

Barcelona, Spain

Merkal operates e-commerce and retail stores of footwear and accessories focused on the low-mid segment. The Company operates 215 stores in city centers, shopping centers, retail parks, and suburban areas across Spain. It offers a comprehensive range of good quality own-label and branded products at affordable prices. The assortment is targeted at families, with a special focus on women and children. Formed in 1987, Merkal has head offices in San Sebastian and Barcelona, and logistics facilities in Zaragoza.

Buy -

Seller(S) 1

SELLER

Sportech

Edinburgh, United Kingdom

Category Company
Founded 1979
Sector Leisure
Employees162
Revenue 26M GBP (2022)
DESCRIPTION

Sportech is a sports entertainment company and one of the pool betting organizations, focusing on highly regulated markets worldwide. Sportech was founded in 1979 and is based in Edinburgh, the United Kingdom.


DEAL STATS #
Overall 2 of 3
Sector (Leisure) 1 of 1
Type (Divestiture) 2 of 3
Country (United Kingdom) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-27 Data Tote

Bristol, United Kingdom

Data Tote Ltd. is an operator and technology and services provider focused on the European greyhound and horseracing betting market. Company brings a complementary product suite supplying its tote systems and services to 23 of the UK's 25 greyhound tracks and all 18 tracks in Ireland. Beyond its main market in the UK and Ireland, Data Tote's tote betting systems operate in greyhound, trotting and horse racing tracks in Sweden, Germany and Malta. Data Tote also provides the betting systems and technology at the racecourse for the unique ChesterBet, BangorBet and RiponBet betting services and has recently entered a relationship with Coral, supplying a range of sports pools software and services.

Buy £3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-03 Bump 50:50

Toronto, Ontario, Canada

Formed in 2009, Bump 50:50 helps NHL, MLB, NFL, and NBA sports foundations in raising money through their 50/50 raffle programs. The company's goal is to raise more money for non-profit charities during live sports and entertainment events.

Sell $13M