Private equity groups target William Hill and Deltic

Private equity groups are targeting bookmaker William Hill and nightclub giant Deltic in the latest wave of dealmaking.

Buyout funds CVC Partners and Apax Partners are reported to be lining up bids for the European arm of William Hill.

Target: Buyout funds CVC Partners and Apax Partners are reported to be lining up bids for the European arm of William Hill

Apollo Global Management is also thought to be keen to buy the division – which includes its UK betting shops. The groups are preparing bids of around £1.5billion, The Telegraph reported.

Las Vegas casino group Caesars has struck a £2.9billion deal to buy William Hill but is planning to offload all its non-US operations once the takeover completes.

Buyout groups are also circling Oceana and Pryzm-owner Deltic – the latest in a string of private equity deals including a swoop on McCarthy & Stone and the sale of bread brand Hovis.