A noteworthy $1.34 billion refinance deal between Superbet and its existing backers, HPS Investment Partners and Blackstone, has been revealed. In addition to offering flexibility for upcoming mergers and acquisitions (M&A), the new funds will help Superbet enter new markets like Brazil. Additionally, the investment will make it possible for the company’s state-of-the-art technology to continue evolving.
Strengthening Global Presence with Innovative Tech
The refinancing deal comes at a critical time for Superbet, which has used recent funding to heavily invest in its proprietary technology platform. This investment has allowed the company to accelerate growth across Europe, particularly after receiving one of the first full online betting licenses in Brazil in January. Superbet was one of 14 operators granted a full license as Brazil’s market opened, joining another 56 operators with provisional licenses while they complete compliance procedures.
Hans-Holger Albrecht, Superbet’s chairman, expressed his satisfaction with the deal: “The fact that we have two blue-chip investors, Blackstone and HPS, is not only a milestone for the company, but also, given our strong balance sheet, is something that enables us to continue our expansion story, driven by our unique tech and product position.”
Blackstone’s senior managing director, Raphael de Botton, also praised the deal: “[Superbet founder and co-CEO] Sacha (Dragic) is a visionary founder and entrepreneur, backed by an exceptional management team. We are proud to continue to support this company on its remarkable journey of growth and innovation.”
Superbet’s founder, Sacha Dragic, emphasized that the refinancing agreement is a reflection of the company’s dedication to becoming a global leader in online gaming.
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