Shareholders in Tikehau-Sponsored Pegasus Entrepreneurs Approve FL Entertainment Deal

Paris-based Tikehau Capital today announced that shareholders in its SPAC Pegasus Entrepreneurial Acquisition Company Europe FL approved the merger with Topco B.V. (dba FL Entertainment).

Following the completion of the deal, FL Entertainment will list on Euronext Amsterdam. The first day of trading is expected to be July 1. FL Entertainment is an online sports betting platform.

FL Entertainment and Pegasus Entrepreneurs have raised over €645 million (about $677 million) for the deal: €250 million from FLE’s controlling shareholder, approximately €230 million from PIPE investors, approximately €116 million contributed by the SPAC and €50 million from Pegasus Entrepreneurs sponsors Financière Agache and Tikehau Capital as part of their forward purchase agreement. Read more.

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