Listing follows business combination with Pegasus Entrepreneurs SPAC
4th SPAC business combination on Euronext Amsterdam in 2022
Amsterdam – 1 July 2022 – Euronext today congratulates FL Entertainment, a global leader in independent content production, on its listing on Euronext Amsterdam (ticker code: FLE). The company was listed following the completion of its successful business combination with Pegasus Entrepreneurial Acquisition Company Europe B.V. (“Pegasus Entrepreneurs”), a special purpose acquisition company (SPAC) that listed on Euronext markets on 10 December 2021.
FL Entertainment, together with its subsidiaries, is a global and entrepreneur-led entertainment group combining two complementary and successful businesses in digital entertainment market segments with high growth potential: Banijay Group and Betclic Everest Group. The Banijay Group is the world’s largest independent content production company, operating over 120 production companies across 22 countries. The Betclic Everest Group operates in the online sports betting and gaming segment and believes it is the fastest-growing online sports betting platform in Europe.
The completion of the business combination with Pegasus Entrepreneurs, and the proceeds from the transaction, will enable FL Entertainment to capture further growth in the entertainment industry.
Stéphane Courbit, Chairman of the Board of FL Entertainment said: “Listing on Euronext Amsterdam is a major step and great achievement for FL Entertainment. With solid funding, supportive long-term shareholders and great talents, we are in a unique position to continue strengthening our leadership positions and seizing growth opportunities.”
Caption: François Riahi, CEO of FL Entertainment, and his team sounded the Gong this morning to celebrate the listing of the company on the Euronext Amsterdam. They were welcomed by Simone Huis in ‘t Veld (CEO Euronext Amsterdam) and René van Vlerken (Head of Listing Euronext Amsterdam).
About FL Entertainment
FL Entertainment is a global entertainment leader led by Stéphane Courbit, a 30-year entertainment industry pioneer and entrepreneur, and François Riahi. Through its businesses, Banijay Group and Betclic Everest Group, FL Entertainment is a leader in attractive and high growth market segments, as the largest independent content producer globally and the fastest-growing sports betting platform in Europe. For the year ended 31 December 2021, Banijay and Betclic Everest Group recorded combined revenue and adjusted EBITDA of €3.5 billion and €609 million respectively. For the latest news, go to fl-entertainment.com.