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CVC Capital Partners – Sale of Sky Betting & Gaming

Global private equity firm, CVC Capital Partners, has sold Sky Betting & Gaming to The Stars Group for $4.7bn. CVC bought a controlling stake in Sky in 2014 for €600m at a valuation of €800m, and Sky’s EBITDA grew from €50m to €200m. Sky Betting is the United Kingdom’s largest mobile betting and gaming operator with 80% of its revenues generated from mobile devices.