CVC, one of the world’s leading private markets investment firms, today announced the signing of a binding agreement to sell a majority of CVC Capital Partners VII’s stake in Tipico Group (“Tipico”), the leading sports betting and online gaming operator in Germany and Austria, to Banijay Group (“Banijay”). The transaction will see Tipico combine with Betclic, establishing a new European champion in sports betting and online gaming under the Banijay Gaming umbrella.
The combination will unite two local champions, Betclic and Tipico, each with strong local roots and complementary strengths across Germany, Austria, France, Portugal, Poland, and Côte d’Ivoire. While Betclic and Tipico share an entrepreneurial mindset and strong cultural alignment, they will continue to operate with their own governance and autonomous management teams and will preserve their unique brands and their proprietary platforms.
CVC will remain invested as a minority shareholder alongside Banijay Group as well as Tipico’s and Betclic’s founders, reflecting a strong partnership and full alignment on future value creation.
Daniel Pindur, Managing Partner at CVC Capital Partners and Co-Head of CVC DACH, said: “Since our investment in Tipico, we have worked closely with its founders and management to transform the company into the leading sports betting and gaming operator in the DACH region, with scale, innovation and a strong position in regulated markets. The combination with Betclic is the natural next step in this growth story, uniting two market leaders with complementary strengths to create a European champion. We are proud of what has been achieved together and look forward to supporting the new group as it enters its next phase.”
Since our investment in Tipico, we have worked closely with its founders and management to transform the company into the leading sports betting and gaming operator in the DACH region, with scale, innovation and a strong position in regulated markets
Daniel Pindur Managing Partner at CVC Capital Partners and Co-Head of CVC DACH
The proposed transaction is subject to customary conditions precedent, in particular merger control and gambling regulations approvals, and is expected to close by mid-2026.
The full transaction announcement can be viewed here.