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CVC backing a surprise bid to run the National Lottery

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cvc backing a surprise bid to run the national lottery

One of the world’s leading private equity firms is backing a surprise bid to run the National Lottery. 

CVC Capital Partners, the owner of rugby’s Six Nations, is behind an offer put forward by Sisal, the operator of Italy’s top lottery. 

It has partnered with children’s charity Barnardo’s, which will advise on fundraising expertise, The Sunday Telegraph reported. 

Pocketing a fortune: The race for the National Lottery franchise, which will yield an annual profit of around £90m, is hotly contested

Pocketing a fortune: The race for the National Lottery franchise, which will yield an annual profit of around £90m, is hotly contested

Pocketing a fortune: The race for the National Lottery franchise, which will yield an annual profit of around £90m, is hotly contested

The race for the lucrative prize, which will yield an annual profit of around £90m, is hotly contested. 

Czech operator Sazka, also backed by a private equity giant, Apollo Global Management, was seen as the major threat to incumbent Camelot, alongside Richard Desmond, who owns the Health Lottery.

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This post first appeared on dailymail.co.uk

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