Betclic Everest to go public in SPAC merger alongside TV business Banijay Daniel O'Boyle, iGaming Business · May 12, 2022 at 5:50 pm Betclic Everest Group and television production business Banijay will together go public on Euronext Amsterdam through a special-purpose acquisition company (SPAC) merger. Betclic Everest will first join with Banijay to create FL Entertainment. This combined business, with an enterprise value of €7.2bn (€6.2bn/$7.5bn), will generate revenue of €3.5bn and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of €609m. The vast majority of that total will come from TV giant Banijay, which is responsible for shows including Peaky Blinders, Big Brother, Deal or No Deal and Fort Boyard, with Betclic Everest’s revenue coming to €741m in 2021, up 64% from 2020. FL Entertainment will then itself combine with Pegasus Entrepreneurial Acquisition Company Europe, which is already listed on Euronext Amsterdam.