FL Entertainment went public via merger with Tikehau Capital-backed Pegasus Entrepreneurs in a €7.2bn deal.

FL Entertainment, a provider of independent content production and the fastest-growing online sports betting platform in Europe, went public via merger with Tikehau Capital-backed Pegasus Entrepreneurs, a special purpose acquisition company, in a €7.2bn deal. "Pegasus Entrepreneurs was created by long-term investors with the objective of partnering with an entrepreneur-led European company with a track-record of achieving profitable growth, and the potential to accelerate growth and create value with access to our expertise, network and listing platform. We could not dream of a better opportunity than partnering with FL Entertainment and Stéphane Courbit to achieve our objective on behalf of our shareholders. The proposed business combination with FL Entertainment benefits from strong support from our shareholders and investors, as evidenced by unprecedented level of non-redemption commitments already received, as well as the largest ever PIPE raising by a European-listed SPAC. We look forward to the next stage of FL Entertainment’s growth and value creation," Pierre Cuilleret, Pegasus Entrepreneurs CEO.