Superbet Group signs €1.3bn refinancing agreement with Blackstone and HPS
This will be used to support the company’s ongoing expansion plans.
Key points:
– The agreement provides a strong financial platform for the operator
– Superbet recently expanded into the Brazilian market
Superbet Group has announced an agreement with Blackstone and HPS Investment Partners (HPS) related to €1.3bn ($1.35bn) in refinancing.
This is set to support the operator’s financial position as it looks to continue its global expansion efforts, with it recently launching in Brazil.
Further to expansion, this refinancing agreement is set to provide M&A optionality and the opportunity to create further growth through investment in technology.
Previously, Superbet was supported with an investment into its proprietary technology platform, which boosted growth for the operator. It is hoped this latest agreement will likewise create further chances for growth.
Good to know: Superbet joined the European Gaming and Betting Association (EGBA) in October last year
Superbet Group Founder & Co-CEO Sacha Dragic said: “I am thrilled that we have signed this refinancing deal, a testament to our commitment to becoming global leaders in our industry. Our unique business model seamlessly integrates strategic investments in cutting-edge technology with a diversified product portfolio, carefully aligned with modern consumer trends.
“Furthermore, our strong financial fundamentals and operational excellence provide a solid platform to accelerate growth in our existing markets while also targeting expansion into high-potential future markets.”
Blackstone Tactical Opportunities Senior Managing Director Raphael de Botton added: “Sacha is a visionary founder and entrepreneur, backed by an exceptional management team. We are proud to continue to support this company on its remarkable journey of growth and innovation.
“With exciting expansion plans on the horizon, we look forward to our ongoing partnership and the opportunities that lie ahead.”
In similar news last week, Wynn Resorts finalised a $2.4bn loan facility to finance the development of Wynn Al Marjan Island, an integrated resort project in Ras Al Khaimah, United Arab Emirates (UAE).
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