One of the world’s biggest investment firms is being lined up to help finance a takeover of Evoke, the London-listed company which owns William Hill.
Sky News has learnt that an arm of TPG, the private equity giant, is in talks to provide hundreds of millions of pounds to help refinance Evoke’s borrowings.
One source said that TPG Credit could commit as much as £800m [$1.08bn] as part of a deal for Bally’s Intralot to buy Evoke, although they cautioned that the final number could be lower than that.
Evoke issued a €600m bond last year, and has other existing debt, including a revolving credit facility with a syndicate of lenders.
