TORONTO, July 11, 2018 /CNW/ - On July 10, 2018, CVC European Equity Fund V ("CVC Fund V") acquired beneficial ownership of, or control or direction over, 26,962,108 common shares of The Stars Group Inc. ("The Stars Group") in connection with The Stars Group's acquisition of Cyan Blue Topco Limited and its subsidiaries, carrying on business as Sky Betting & Gaming, from Cyan Blue Jerseyco Limited ("Jerseyco") and certain other vendors (the "Acquisition").
Pursuant to the terms of the acquisition agreement, 26,962,108 common shares of The Stars Group were issued to Jerseyco (the holding vehicle for CVC Fund V), which represent approximately 12.4% of the issued and outstanding common shares of The Stars Group. Prior to the Acquisition, CVC Fund V did not have beneficial ownership of, or control or direction over, any common shares of The Stars Group.
CVC Fund V acquired the common shares in connection with the Acquisition. CVC Fund V may, depending on market and other conditions, change its beneficial ownership of (or control or direction over) securities of The Stars Group.
CVC European Equity V Limited will be filing an early warning report under the SEDAR profile of The Stars Group at www.sedar.com. A copy may also be obtained by contacting Carsten Huwendiek, +44 (0)20 7420 4240. The head office of The Stars Group is located at Royal Bank Plaza, South Tower, Suite No. 3205, 200 Bay Street, Toronto, Ontario M5J 2J5.
SOURCE CVC European Equity V Limited
For further information: CVC European Equity V Limited, 1 Waverley Place, Union Street, St. Helier, Jersey, JE1 1SG