CPPIB, TCV buy stake in Swiss sports data group Sportradar: Reuters
Canada Pension Plan Investment Board (CPPIB) and Silicon Valley-based investor TCV are buying a stake in Sportradar, valuing the Swiss sports data group at 2.1 billion euros (US$2.5 billion), including debt, Reuters reported. Founder and Chief Executive Carsten Koerl will retain his majority stake in Sportradar, while CPPIB and TCV are buying a 37 percent stake from buyout group EQT as well additional shares from other minority investors. CPPIB and TCV won out in the auction against buyout groups KKR and Blackstone Group, sources said.
9 July 2018•2 mins read
