Weil's Munich, Frankfurt and Paris offices are advising the founders of leading German sports betting provider Tipico Group on a cross-border transaction with Dutch entertainment company Banijay Group. In the context of the transaction, Banijay signed a binding agreement to combine its group company Betclic and Tipico. The combined entity will become one of the leading European providers of sports betting and online gaming. Tipico was valued at EUR 4.6 billion in the current deal.

Tipico majority shareholder CVC Capital Partners is also selling a part of its stake in Tipico in the transaction. However, both the Tipico founders as well as CVC will remain invested in the combined company.

The transaction is subject to the usual closing conditions, in particular merger control and regulatory approvals, and is expected to close in mid-2026.

Weil Germany previously advised the Tipico founders in 2016 in the sale of a majority stake (60%) in the company to CVC. Weil's role as longstanding legal counsel in this matter underlines its position as a specialist advisor in complex cross-border transactions in this highly regulated industry.

The Weil team advising on the transaction was led by Munich partners Gerhard Schmidt (Corporate), Manuel-Peter Fringer (Corporate) and Tobias Geerling (Tax) and was supported by counsel Andreas Fogel (Corporate, Munich), Karsten Krumm (Corporate, Frankfurt), Carolin Vettermann (Tax, Munich), Thomas Zimmermann (Finance, Munich) and Steffen Giolda (Regulatory, Munich) as well as associates Kevin Mägerle, Jan Danelzik, Sven Jelinek (all Corporate, Munich), Alexander Reich (Tax, Frankfurt), Antonia Fichtner (Finance, Munich) and Florian Striefler (Tax, Munich). The Weil Paris office team included partners Alexandre Duguay (Corporate) and Edouard de Lamy (Tax) as well as Tax associates Julien Laporte and Lea David.