Superbet Announces €175m Strategic Minority Equity Investment from Blackstone
Summary
Bucharest, Romania / London, United Kingdom, May 8, 2019 – Superbet (the “Company”), the largest omni-channel sports betting and gaming operator in Romania, and Blackstone (NYSE: BX) announce a €175m strategic minority equity investment in Superbet by funds managed or advised by Blackstone’s Tactical Opportunities business. Sacha Dragic, founder and Group CEO of Superbet, said “We look forward to our strategic partnership with the Blackstone team. Blackstone’s equity investment and extensive experience will help us maintain and grow our market-leading position in Romania and pursue expansion opportunities in Central Eastern Europe and globally.” Andrea Valeri, Senior Managing Director of Blackstone, said “We look forward to working with Sacha Dragic and the excellent management team he has assembled. The Company has brought on seasoned technology leadership with strong industry experience to facilitate the development of a state-of-the-art and disruptive online sports betting platform. Superbet launched online operations in Romania in February 2016, releasing a mobile native app in September 2018.