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New York private equity fund acquires 49.7% stake in Italy’s Gamenet

24th October 2019 9:23 am GMT

New York-listed private equity fund Apollo Management IX has entered into two separate agreements to acquire a 49.7 per cent stake in Italian betting and gaming operator Gamenet Group for €182.5m.

Gamma Bidco, a company formed on behalf of funds managed by Apollo Management IX, has agreed share purchase deals with the two largest shareholders of Gamenet, TCP Lux Eurinvest and Intralot Italian Investments.

The agreement with TCP will see Gamma Bidco [...]

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