London-listed operator Sportech has struck a conditional agreement to sell its Football Pools business to FP Acquisitions Limited, a newly-incorporated company controlled by funds advised by European private equity investors OpCapita LLP.
FP Acquisitions will pay a total cash consideration of £83m to acquire the Pools on a debt-free, cash-free business.
Sportech has agreed the sale months after a previous agreement to sell the Pools to another investment body, Burlywood Capital, for a £97.3m fee collapsed. Another [...]
