CVC-backed German Tipico joins in with bid of £1.5bn for William Hill UK Betting Shops

  • Post published:August 2, 2021
  • Post category:News / iGaming

A German sports-betting group owned by one of the world’s largest private equity firms has joined the £1.5bn race to take control of William Hill’s operations in Britain.

Sky News has learnt that Tipico, which is majority-owned by CVC Capital Partners, is among a handful of bidders vying for the gambling giant’s high street shops and continental European assets.

City sources said that Tipico Group had tabled a “credible” offer for William Hill, which was acquired by Caesars Entertainment of the US in a £2.9bn deal.

Caesars wants to sell the company’s famous brand and all of its operations outside the US, and has hired advisers from Deutsche Bank to conduct an auction.

Tipico, which was bought by CVC in 2016, is up against bids from Apollo Global Management, 888 Holdings and Betfred, according to industry sources.

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