TPG, Oaktree, and Oak Hill Secure €1 Billion Financing for Evoke Acquisition

Private credit providers TPG Angelo Gordon International, Oaktree Capital Management, and Oak Hill Capital Partners are preparing to provide approximately €1 billion ($1.2 billion) in financing for the acquisition of gambling company Evoke Plc by Bally’s Intralot. This financing package constitutes a significant portion of the acquisition deal. The loan is structured to support Bally’s Intralot’s purchase of Evoke. The participation of major private credit providers such as TPG Angelo Gordon International, Oaktree Capital Management, and Oak Hill Capital Partners reflects the scale of the transaction and market confidence. Evoke Plc is known as a company operating in the global gambling sector. Bally’s Intralot aims to expand its operations through the acquisition. Securing the financing is considered a critical step for the completion of the deal. Large-scale private credit agreements of this kind have been increasing in recent years as alternatives to traditional bank loans. Firms like TPG, Oaktree, and Oak Hill stand out as significant players in this space. This is not investment advice.