Apollo funds invest in Sazka Group

November 10, 2020. KKCG AG and Sazka Group a.s. announced today that funds managed by Apollo Global Management, Inc. have agreed to invest EUR 500 million in Sazka Group, a pan-European company specializing in national lotteries, instant lotteries and digital gaming. The investment will be effected through an investment into Sazka Entertainment AG, a newly established wholly-owned subsidiary of KKCG. The transaction is subject to customary closing conditions.

Lenz & Staehelin acts as Swiss counsel to KKCG and Sazka Group. The team includes Tino Gaberthüel, Alex Wille and Lukas Held (all Corporate, M&A).