"Banijay Group Acquires Majority Stake in Tipico, Valuing Combined Entity at €9.4 Billion"

Several law firms participated in the transaction involving the acquisition of a majority stake in Tipico by Banijay Group. Bredin Prat and Argos Avocats advised Nicolas Béraud, founder and CEO of Betclic, and his holding company Kostogri. Darrois Villey Maillot Brochier and VGG advised Banijay Group. Latham & Watkins advised CVC, while Weil Gotshal & Manges (Germany) advised the founders of Tipico. The transaction involved Banijay Group, an international audiovisual production and distribution company also specializing in sports betting, acquiring a majority stake in Tipico, a sports betting and online gaming operator. The deal aims to create a new entity, Banijay Gaming, which will serve 6.5 million players annually and operate over 1,250 betting locations. The transaction values Betclic at €4.8 billion and Tipico at €4.6 billion, with a combined value of €9.4 billion. Nicolas Béraud, the founders of Tipico, and CVC will retain minority stakes in the new entity. Nicolas Béraud is set to become Chairman of the Board of Banijay Gaming starting January 1, 2026. The legal teams involved in the transaction were as follows: - **Bredin Prat**: Jean-Florent Mandelbaum (Partner, Tax Law), Adrien Soumagne (Tax Law), and Caroline Jacquot (Tax Law). - **Argos Avocats**: Julien Sanciet (Partner, Corporate). - **Darrois Villey Maillot Brochier** and **VGG**: Advised Banijay Group (specific lawyers not named in the press release). - **Latham & Watkins**: Advised CVC (specific lawyers not named in the press release). - **Weil Gotshal & Manges (Germany)**: Advised the founders of Tipico (specific lawyers not named in the press release).

"Banijay Group Acquires Majority Stake in Tipico, Valuing Combined Entity at €9.4 Billion"

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