KKCG and SAZKA Group announce closing of strategic investment by Apollo Funds
KKCG AG (“KKCG Group” or “KKCG”) and SAZKA Group a.s. (together with its subsidiaries, “SAZKA Group” or the “Company”) announce that funds managed by affiliates of Apollo Global Management, Inc. (“Apollo” and such funds the “Apollo Funds”), one of the world’s leading investors in gaming and largest alternative investment managers, have completed the investment of €500 million in the Company announced on 10 November 2020.
The investment was effected through an investment into SAZKA Entertainment AG AG (“SAZKA Entertainment AG”), a newly- established subsidiary of KKCG, which is now the 100% owner of SAZKA Group
Of the €500 million investment, €200m will be distributed to KKCG and the remaining funds will be used to capitalise on acquisition and growth opportunities in Europe and North America, with a focus on lotteries.
About KKCG
KKCG Group, founded and led by successful Czech entrepreneur, Karel Komárek, is an international investment company with more than EUR6 billion (book value) of assets under management. KKCG operates in 19 countries and its key strategic sectors include gaming, oil and gas, technology and real estate. KKCG Group includes SAZKA Group, ARICOMA Group, MND Group, US Methanol, the Springtide Ventures capital fund, and others.
About SAZKA Group
We are one of the largest pan-European lottery operators. Our businesses operate lotteries in all the major continental European countries where lotteries are privately operated, including the Czech Republic, Greece, Austria and Italy, and in Cyprus. Our businesses focus on the lottery segment, including numerical lotteries (draw-based games) and instant lotteries (scratch cards), and also provide complementary products, including sports-betting and digital-only games. They sell their products both through various retail networks and through digital platforms. The lottery operators are members of the World Lottery Association and the European Lottery Association and operate in accordance with their codes of practice.
About Apollo
Apollo is a leading global investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo, among others. Apollo had assets under management of approximately $455 billion as of December 31, 2020 in credit, private equity and real assets funds. For more information about Apollo, please visit www.apollo.com.
Contact:
Lena Thakkar
Head of IR and PR
SAZKA Group, 1 Connaught Place, London W2ET
M: +44 (0) 7494 175 105
