Freshfields has advised CVC Capital Partners on its acquisition of a majority stake in Germany’s market-leading private sports betting group Tipico on regulatory, finance and antitrust matters

Freshfields Bruckhaus Deringer LLP (Freshfields) has advised CVC Capital Partners on its acquisition of a majority stake in Germany’s market-leading private sports betting group Tipico on (tax) regulatory, finance and antitrust matters.

Tipico Group is Germany’s largest commercial bookmaker. The company’s offering includes online gambling as well as land-based sports betting in more than 1,000 bet shops in Germany as well as a strong position in other European markets. The acquisition is the largest transaction so far in the German gambling industry.

The partners leading the Freshfields team comprised Germany -based Juliane Hilf and Georg Roderburg, who advised on regulatory  and tax matters. In London, Alex Mitchell led on the financing of the transaction, and Rod Carlton led on antitrust matters.