February 13, 2025

Milbank Advises HPS and Blackstone Credit & Insurance in Connection with Superbet Group’s €1.3B Refinancing

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Milbank LLP advises HPS Investment Partners and Blackstone Credit & Insurance in connection with Superbet Group’s €1.3 billion refinancing. The new arrangement provides Superbet with a strong financial platform for the coming years as the company continues to execute on its growth strategy, including its expansion into the Brazilian market, M&A optionality and further investment in innovative technologies.  

Superbet, founded in 2008, is one of the fastest growing online-led operators in the sports betting, gaming, technology and entertainment space founded in 2008, with the mission of bringing exciting, technology-powered entertainment in sports & gaming to millions of customers around the world.

The Milbank team was led by Global Leveraged Finance/Capital Markets partners Suhrud Mehta and Tristram Gargent and corporate partner Andrew Nuthall, with associates Pranahita Srinivas, Michael Terry, Kui To Joshua Mo and trainee Brandon Spears. The team also included tax support from partners Alan Rafferty and Eschi Rahimi-Laridjani.