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Private equity firm CVC eyes Betfair takeover deal

15th April 2013 7:26 am GMT

Leading private equity firm CVC Capital Partners confirmed Monday that it has held preliminary discussions regarding UK-listed online betting and gaming operator Betfair which incudes a potential offer to acquire the company.

Responding to press speculation over the weekend, CVC, whose investments include Formula One and Samsonite among others, said that it had held talks regarding a potential takeover of Betfair with investors Richard Koch (co-founder of consuiltancy LEK Consulting and a 6.5 per cent shareholder [...]

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