Apollo Global Management has invested €500m into lottery and gaming operator Sazka Group, in coordination with owner Karel Komarek’s KKCG Group.
The investment will be effected through an investment into Sazka Entertainment, a newly established, 100 per cent wholly owned subsidiary of KKCG, which upon closing of the investment will be the 100 per cent owner of Sazka Group.
Karel Komárek, founder of KKCG and chairman of the board of Sazka Group, said: “Our business is entering a new era and this investment and strategic partnership will support our long-term expansion plans. I am happy that, after a series of discussions with major investment funds from around the world, we came to an agreement to partner with Apollo.
“I believe the interest in Sazka Group from one of the world’s leading investors in gaming and largest alternative investment managers and globally confirms the value and strategy of Sazka Group, and is an endorsement of the excellent work of the entire Sazka Group management team. In partnership with a strong US investor, Sazka Group is well positioned to expand in Europe, the US and other potential regions, continuing to focus on lottery and complementary gaming verticals.”
