EQT Partners AB
EQT Expansion Capital II sells its entire minority investment in Sportradar
EQT Expansion Capital II sells its entire minority investment in Sportradar EQT Expansion Capital II has agreed to sell its entire minority stake in Sportradar AG (“Sportradar” or the “Company”), a leading global provider of sports data, to EQT VI. EQT Expansion Capital II invested in the Company alongside the founder, CEO and majority owner Carsten Koerl in July 2012. Sportradar is the market leading provider of live sports information, odds solutions and fraud detection and prevention services for customers in the bookmaker, media and federation markets. During EQT Expansion Capital II’s investment period, Sportradar has grown significantly, both in terms of top-line growth and profitability. Organic growth of the Company was supplemented with selective add-on acquisitions, which allowed Sportradar to broaden its product portfolio and geographic reach. EQT Expansion Capital II also supported the strengthening of the internal organization by attracting new managers and improving internal processes. Michael Föcking, Partner at EQT Partners, Investment Advisor to EQT Expansion Capital II, said: “There has been a great cooperation with the current Sportradar management team and we are very pleased to see how well the Company has developed over the course of recent years. We believe that favorable global trends continue to support Sportradar’s core business also going forward.” Closing of the transaction is expected in June, subject to customary anti-trust approvals. Contacts: About EQT For further information please visit www.eqt.se About Sportradar AG More information can be found on www.sportradar.com End of Media Release Issuer: EQT Partners AB Key word(s): Enterprise 21.05.2014 Dissemination of a Press Release, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
269661 21.05.2014 |