The combination try accompanied due to a purchase of the newest Banijay Classification off Tipico (along with Admiral Austria)

After the such as for example strategies, to your a completely toned down base , Banijay Category create very own up to 64

The fresh new valuation used in Betclic and Tipico communities regarding the framework of combination of the 2 communities below Banijay To tackle lies in respective Company convinced aside of �4.8bn and �five.6bn.

Tipico’s founders usually roll-over 100% of their now offers if you find yourself CVC usually move-more than the remaining exposure on Banijay Gambling. The brand new fortunegames online founders from a single another Betclic and you can Tipico will continue to be a lot of time-name investors close to Banijay Classification, showing a long-title partnership and you will over placement to your coming really well worth creativity.

9% of one’s shared organization, a lot more which it may have private do. The newest Tipico creators, CVC, Nicolas Beraud while the Tipico masters would remain 30-five.1%. Banijay Group is designed to started to at least 72% regarding the target make courtesy label solutions arranged new has the benefit of held regarding CVC plus the professionals out of Tipico. CVC will continue to be a minority stockholder out-of typical term to hold the company’s went on innovation.

The transaction is totally supported by a particular financing currency plan to have a central number similar to up to �3bn, such as the refinancing of Tipico Group’s existing personal debt, underwritten regarding sure of Betclic’s lead capital partners. Banijay Group’s post-pick dictate is anticipated at twelve.5x, which have a fall less than 2.5x within this three years shortly after closing, romantic regarding the an excellent dollars-move age group assistance each other deleveraging and you can broadening share into the Banijay To experience (72% fingers minimal towards the target construction). Leaving out this new get it done from identity selection, deleveraging is expected be carrying out 0.5x per year. Banijay Group stays ordered a wise funding create and you may wants so you’re able to deleverage quickly because of good dollars moves regarding your shared measures.

Betclic and its most recent shareholders enjoy the standard representations and you can warranties of the including exchange and you can you can away from particular form of indemnities according to knew risks, together with those relating to the effect off changes to playing and you can to experience rules for the Germany and you can might Austria.

The latest told price try subject to standard standards precedent, specifically merger manage and you can playing regulating approvals, that’s expected to regional center-2026.

Banijay Category is actually a major international activities commander dependent due to the fresh Stephane Courbit, an effective thirty-year business person and you will factors organization chief. All of our goal should be to promote notice giving watchers hence enjoys intriguing and might creative hobby feel. The new Group’s products are Content creation & shipment (because of Banijay Entertainment, the greatest worldwide independent music producer merchant), Alive sense (compliment of Banijay Real time, a leading user inside real time experience) an on-line-based wagering & gambling (thanks to Banijay Gaming, Europe’s fast-broadening on line sports betting system). In to the 2024, Banijay Class submitted cash from �4.8bn and you can Changed EBITDA out-of �900m. Banijay Group was noted on Euronext Amsterdam (ISIN: NL0015000X07, Bloomberg: BNJ NA, Reuters: BNJ.AS).

The company even offers wagering, pony rushing, web based poker, an internet-based local casino properties

Situated in 2005 by Nicolas Beraud, Betclic was a leader inside online sports betting and you will playing inside the multiple European countries. Betclic’s organizations are enough time each and every day to fostering a love of football and playing to the people giving the brand new be which can be available, funny, and you can responsible.

Posted: July 6, 2026 11:20 pm


According to Agung Rai

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“The concept of taksu is important to the Balinese, in fact to any artist. I do not think one can simply plan to paint a beautiful painting, a perfect painting.”

The issue of taksu is also one of honesty, for the artist and the viewer. An artist will follow his heart or instinct, and will not care what other people think. A painting that has a magic does not need to be elaborated upon, the painting alone speaks.

A work of art that is difficult to describe in words has to be seen with the eyes and a heart that is open and not influenced by the name of the painter. In this honesty, there is a purity in the connection between the viewer and the viewed.

As a through discussion of Balinese and Indonesian arts is beyond the scope of this catalogue, the reader is referred to the books listed in the bibliography. The following descriptions of painters styles are intended as a brief introduction to the paintings in the catalogue, which were selected using several criteria. Each is what Agung Rai considers to be an exceptional work by a particular artist, is a singular example of a given period, school or style, and contributes to a broader understanding of the development of Balinese and Indonesian paintng. The Pita Maha artist society was established in 1936 by Cokorda Gde Agung Sukawati, a royal patron of the arts in Ubud, and two European artists, the Dutch painter Rudolf Bonnet, and Walter Spies, a German. The society’s stated purpose was to support artists and craftsmen work in various media and style, who were encouraged to experiment with Western materials and theories of anatomy, and perspective.
The society sought to ensure high quality works from its members, and exhibitions of the finest works were held in Indonesia and abroad. The society ceased to be active after the onset of World War II. Paintings by several Pita Maha members are included in the catalogue, among them; Ida Bagus Made noted especially for his paintings of Balinese religious and mystical themes; and Anak Agung Gde Raka Turas, whose underwater seascapes have been an inspiration for many younger painters.

Painters from the village of Batuan, south of Ubud, have been known since the 1930s for their dense, immensely detailed paintings of Balinese ceremonies, daily life, and increasingly, “modern” Bali. In the past the artists used tempera paints; since the introduction of Western artists materials, watercolors and acrylics have become popular. The paintings are produced by applying many thin layers of paint to a shaded ink drawing. The palette tends to be dark, and the composition crowded, with innumerable details and a somewhat flattened perspective. Batuan painters represented in the catalogue are Ida Bagus Widja, whose paintings of Balinese scenes encompass the sacred as well as the mundane; and I Wayan Bendi whose paintings of the collision of Balinese and Western cultures abound in entertaining, sharply observed vignettes.

In the early 1960s,Arie Smit, a Dutch-born painter, began inviting he children of Penestanan, Ubud, to come and experiment with bright oil paints in his Ubud studio. The eventually developed the Young Artists style, distinguished by the used of brilliant colors, a graphic quality in which shadow and perspective play little part, and focus on scenes and activities from every day life in Bali. I Ketut Tagen is the only Young Artist in the catalogue; he explores new ways of rendering scenes of Balinese life while remaining grounded in the Young Artists strong sense of color and design.

The painters called “academic artists” from Bali and other parts of Indonesia are, in fact, a diverse group almost all of whom share the experience of having received training at Indonesian or foreign institutes of fine arts. A number of artists who come of age before Indonesian independence was declared in 1945 never had formal instruction at art academies, but studied painting on their own. Many of them eventually become instructors at Indonesian institutions. A number of younger academic artists in the catalogue studied with the older painters whose work appears here as well. In Bali the role of the art academy is relatively minor, while in Java academic paintings is more highly developed than any indigenous or traditional styles. The academic painters have mastered Western techniques, and have studied the different modern art movements in the West; their works is often influenced by surrealism, pointillism, cubism, or abstract expressionism. Painters in Indonesia are trying to establish a clear nation of what “modern Indonesian art” is, and turn to Indonesian cultural themes for subject matter. The range of styles is extensive Among the artists are Affandi, a West Javanese whose expressionistic renderings of Balinese scenes are internationally known; Dullah, a Central Javanese recognized for his realist paintings; Nyoman Gunarsa, a Balinese who creates distinctively Balinese expressionist paintings with traditional shadow puppet motifs; Made Wianta, whose abstract pointillism sets him apart from other Indonesian painters.

Since the late 1920s, Bali has attracted Western artists as short and long term residents. Most were formally trained at European academies, and their paintings reflect many Western artistic traditions. Some of these artists have played instrumental roles in the development of Balinese painting over the years, through their support and encouragement of local artist. The contributions of Rudolf Bonnet and Arie Smit have already been mentioned. Among other European artists whose particular visions of Bali continue to be admired are Willem Gerrad Hofker, whose paintings of Balinese in traditional dress are skillfully rendered studies of drapery, light and shadow; Carel Lodewijk Dake, Jr., whose moody paintings of temples capture the atmosphere of Balinese sacred spaces; and Adrien Jean Le Mayeur, known for his languid portraits of Balinese women.

Agung Rai feels that

Art is very private matter. It depends on what is displayed, and the spiritual connection between the work and the person looking at it. People have their own opinions, they may or may not agree with my perceptions.

He would like to encourage visitors to learn about Balinese and Indonesian art, ant to allow themselves to establish the “purity in the connection” that he describes. He hopes that his collection will de considered a resource to be actively studied, rather than simply passively appreciated, and that it will be enjoyed by artists, scholars, visitors, students, and schoolchildren from Indonesia as well as from abroad.

Abby C. Ruddick, Phd
“SELECTED PAINTINGS FROM THE COLLECTION OF THE AGUNG RAI FINE ART GALLERY”

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