Willkie Farr & Gallagher LLP
Willkie Farr & Gallagher LLP: Willkie advises EQT Expansion Capital II on its investment in Sportradar
Willkie Farr & Gallagher LLP / Key word(s): Miscellaneous 18.07.2012 / 18:22 --------------------------------------------------------------------- EQT Expansion Capital II ('EQT Expansion Capital') has agreed to invest approximately EUR 44 million in Sportradar AG ('Sportradar' or the 'Company'), the leading supplier of sports related live data, odds solutions and fraud detection services to bookmakers, media companies, sports federations and government agencies. As part of the transaction EQT Expansion Capital will become a minority investor and provide growth capital to finance Sportradar's further organic and acquisitive development. Sportradar has an enterprise value, before EQT Expansion Capital's investment, of EUR 127.5 million. EQT Expansion Capital is dedicated to providing capital for privately owned mid-market companies seeking growth. It is part of EQT, the leading private equity group in Northern Europe with more than EUR 18 billion in raised capital. Alongside its financial investment, EQT Expansion Capital will provide expertise from EQT's global network to support and accelerate Sportradar's further expansion. 'We are delighted about the partnership with EQT Expansion Capital. It is the right moment for this strategic co-operation as there are huge opportunities for Sportradar in the marketplace. Combining with EQT Expansion Capital, with its great experience of backing successful companies, and EQT's network of industry contacts means we are confident of continuing Sportradar's success story in the future. With our new investor, our financial firepower has improved significantly. The transaction supports our aggressive future growth strategy and will provide access to exciting new business opportunities', says Carsten Koerl, CEO of Sportradar. Werner Klatten, Sportradar's new Chairman adds: 'Over the last few years, sports betting has gained an increasing importance within the sports industry. With its investment in Sportradar, EQT Expansion Capital supports a highly innovative provider of live sports data that will strongly profit from the continuous growth of the sports betting market'. 'EQT Expansion Capital will support Sportradar's successful management team in further growing its business organically and via acquisitions. Based on its market-leading portfolio of sports data and software solutions as well as the close cooperation with several sports federations in detecting and preventing fraudulent behavior, we are con-vinced that Sportradar will continue its impressive growth story', comments Jens Moritz, Partner at EQT Partners in Germany, Investment Advisor to EQT Expansion Capital II. The Willkie team was led by Jan Wilms (Finance) and included the partners Mario Schmidt (Corporate/Private Equity), Rolf Hünermann (Antitrust/Corporate Compliance), Dr. Christian Rolf (HR) and the associates Dr. Stephanie Schmidt-Ehemann (Corporate/M&A), Dr. Octávio de Sousa (Corporate/M&A), Mario Bammann (Finance), Daniel Zakrzewski (Corporate/M&A), Christian Stoehr (HR), Christina Mann (Corporate/M&A), Johannes Eckhardt (Corporate/M&A), Jochen Riechwald (HR) and Dr. Maximilian Schwab (Regulatory). Willkie Farr & Gallagher LLP is an international law firm, comprising more than 650 attorneys with offices in New York, Washington, Paris, London, Milan, Rome Frankfurt and Brussels. The headquarters are in New York, 787 Seventh Avenue, Tel.: 001 212 728 8000. Frankfurt, July 18, 2012 End of financial news --------------------------------------------------------------------- 18.07.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory 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 --------------------------------------------------------------------- 178383 18.07.2012
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