Czech investment group KKCG has sold a 4.27 per cent stake in multi-national lottery operator Allwyn International for €500 million.
The minority stake has been acquired by Prague-listed investment fund J&T ARCH Investments, with the transaction valuing Allwyn’s share capital at €11.2 billion.
The transaction was structured as a sale of equity in Allwyn by KKCG’s wholly-owned subsidiary Allwyn AG. After the transaction, KKCG’s interest in Allwyn is 95.73 per cent.
KKCG said that the investment reflects the strength of Allwyn’s track record, its solid financial profile and continued confidence in its strategy and future development.
“This is another significant step for Allwyn,” said Karel Komarek, Allwyn chair and founder of KKCG. “It demonstrates the positive impact of KKCG’s vision and support for the business, and investor confidence in Allwyn’s successful growth-led strategy. I see many opportunities ahead for significant and sustainable value creation for Allwyn and I’m delighted that a wider range of investors can now join us on that journey.”
Allwyn CEO Robert Chvatal commented: “At Allwyn, we’re on a mission to become the leading global gaming entertainment company. We have demonstrated that our platform delivers, and there is real momentum behind our exciting future growth strategy.”
Patrik Tkáč, co-founder of J&T financial group and chairman of the J&T ARCH Investment Committee, added: “J&T ARCH’s entry into Allwyn is the culmination of many years of business relations with Karel Komárek, who, with his team, has built an international entertainment platform out of a domestic player.
“This is another great story of a leading Czech entrepreneur’s business, and the opportunity for our investors to participate in its future growth.”