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New Deal


Announced

Completed

BETFAIR GROUP PLC / INSTITUTIONAL INVESTORS / BERNARD ARNAULT / EDWARD WRAY / disposal of minority / Public / £260m

Financials

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Transaction Value£23m
Consideration Type-
Capital Owned-
Capital Bid For9%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Digital Services

Casinos and Gambling

betting

online

United Kingdom

Hotels and Motels

Public

Completed

Friendly

Minority

Acquisition

Private Equity

Synopsis

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Wray, sold three million shares in the company yesterday — more than a third of his 9.5% stake — in a placing landing him £97.5 million. Wealth-management firm Le Peigné, which manages money for Arnault and his family, sold five million shares worth £162.5 million.

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