CPPIB-backed Dorna launches €889 million dividend recap: Reuters
Shareholders to Spanish sports management company Dorna Sports are set to take a third payout from the company in six years as they prepare to launch an €889 million-equivalent (US$948.16 million) dividend recapitalization, banking sources told Reuters. Bridgepoint bought Dorna in 2006 from CVC and in 2013, Canada Pension Plan Investment Board made a 39 percent equity investment in the company. In 2011, Dorna conducted a €420 million dividend recapitalization, followed by a €715 million dividend recapitalization in 2014. “It’s a high performing company, a cash cow,” one of the sources said.
13 March 2017•2 mins read
