White & Case advises on €3 billion financing for Betclic’s acquisition of Tipico

Global law firm White & Case LLP has advised a syndicate of banks on the comprehensive financing for Betclic Everest Group's acquisition of Tipico, a leading sports betting and online gaming operator in Germany and Austria.

The financing package included the upsized offering of €1 billion in aggregate principal amount of 5.125% Senior Secured Notes due 2031 and a dual-tranche Term Loan B (TLB), comprising a €1.5 billion term loan facility syndicated primarily in Europe and a US$750 million term loan facility syndicated primarily in the US, demonstrating White & Case's expertise in advising on complex, cross-border leveraged financings.

Banijay Group-owned Betclic Everest Group is the European leader in online gaming. On October 28, 2025 Banijay Group signed a binding agreement for Betclic's combination with Tipico. The transaction will create a combined group positioned as one of Europe's leading players in sports betting and gaming.

The cross-practice and cross-border White & Case team which advised on the transaction was led by partners Raphaël Richard, Neeloferr Roy (both Paris) and Anthony Tama (London) and included partners Jean-Guillaume Meunier and Alexandre Ippolito (both Paris) and associates Chloé Bouffard, Charles Assous, Claire Sardet, Noémie Jacquot, Imane Lazraq (all Paris), Shushi Hovannisian, Diala Kakish and Sebastian Modos (all London).

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