KKCG sells small stake in Allwyn, retaining 95.7% ownership and generating €500m
Move opens Allwyn’s growth trajectory to broader investor participation.
Key points:
– 4.27% stake sold to J&T arch Investments
– Allwyn valued at €11.2bn ($12.2bn)
– KKCG retains 95.7% ownership of Allwyn
Investment group KKCG has sold a 4.27% stake in Allwyn International AG to listed fund J&T Aarch Investments.
The transaction, structured via KKCG subsidiary Allwyn AG, values the pan-European lottery operator at €11.2bn as of 31 December 2024 and generates €500m for KKCG.
Indeed, the €500m in proceeds are inclusive of consideration and locked box interest dating from 1 January 2025.
Allwyn generated €1.5bn in adjusted EBITDA in 2024 and continued expanding its international footprint. Last year, it added leading e-instants supplier Instant Win Gaming and revealed plans to acquire a controlling stake in online sports betting operator Novibet.
Good to know: J&T Arch is one of the most liquid listed funds on the Prague Stock Exchange, with a net asset value of EUR5.6bn as of March 2025
J&T Arch’s acquisition of Allwyn equity deepens long-standing ties between the fund and KKCG founder Karel Komárek, while diversifying its portfolio into regulated gaming.
Post-transaction, KKCG retains a 95.7% holding in Allwyn. The group remains committed to supporting Allwyn’s long-term expansion strategy across Europe and the Americas, where the company holds leading positions in national lotteries in Austria, the UK, the Czech Republic and the US state of Illinois.
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