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.
Michael Föcking, Partner at EQT Partners, Investment Advisor to EQT Expansion Capital II, +49 (69) 247 045 0
Johan Hähnel, EQT Expansion Capital II Spokesperson, +46 8 506 55 334
EQT is the leading private equity group in Northern Europe, with portfolio companies in Northern and Eastern Europe, Asia and the US with total sales of more than EUR 25 billion and over 500,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
For further information please visit www.eqt.se
About Sportradar AG
Sportradar is a worldwide leading premium partner for the sports betting and media industry. Sportradar provides sports data services to the bookmaking world with its brand Betradar, and to the international media with its brand Scoreradar. Besides market leading companies in the sports betting and media industry, Sportradar also operates a unique Fraud Detection System (FDS) for several federations, including UEFA and German DFB/DFL. Furthermore, Sportradar is the exclusive, worldwide distributor for ITF (International Tennis Federation) Official Data. More than 500 businesses in over 80 countries rely on Sportradar’s data depth and quality services in their daily business. Sportradar employs over 700 highly experienced staff worldwide. Headquartered in Switzerland, Sportradar has offices in 30 other cities.
More information can be found on www.sportradar.com