Key facts
- TPG Angelo Gordon International, Oaktree Capital Management, and Oak Hill Capital Partners are providing funding for Evoke's acquisition.
TPG, Oaktree, Oak Hill provide €1B for Evoke buyout
IN SHORT
TPG Angelo Gordon International, Oaktree Capital Management, and Oak Hill Capital Partners are providing approximately €1 billion ($1.2 billion) in funding for Bally's Intralot's acquisition of gambling firm Evoke Plc.
Key Numbers
€1 billionfunding for Evoke acquisition
$1.2 billionfunding for Evoke acquisition
Who's Involved
TPG Angelo Gordon International
Private lender providing funding for Evoke acquisition
Oaktree Capital Management
Private lender providing funding for Evoke acquisition
Oak Hill Capital Partners
Private lender providing funding for Evoke acquisition
Bally's Intralot
Acquiring company of Evoke Plc
Evoke Plc
Gambling firm being acquired
↳ Why This Matters
The significant funding package from major private lenders highlights investor confidence in the acquisition of Evoke Plc by Bally's Intralot, potentially signaling a positive outlook for the gambling industry's consolidation.