HgCapital, a mid-market UK-based private equity group, has won the auction to buy spread betting firm Sporting Index from Duke Street Capital for close to £100m (€147m). Duke Street paid £53m for the group almost three years ago.

According to sources close to the deal, HgCapital entered exclusive talks yesterday after an auction began last month.

Claire Smith

Ladbrokes

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HgCapital places Sporting Index bet

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