EQT VI invests into Sportradar
- EQT VI invests into Sportradar, the global leading provider of live sports information and services, operating at the interface between sports and entertainment
- EQT VI will support Sportradar on its continued growth path with further capital for value-enhancing acquisitions as well as investments in the development of new products and solutions, geographic expansion and new customer segments
EQT VI has agreed to enter into a partnership with Sportradar AG (“Sportradar” or the “Company”) and to buy shares from the founder, various management shareholders and EQT Expansion Capital II. 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. EQT VI was attracted to the Company’s strong market position, its leading technology and solutions as well as a lasting growth track record. EQT VI sees significant value creation potential for Sportradar going forward, which will be driven by the company’s entrepreneurial management team as well as a sound and scalable business model. The Company’s founder and CEO Carsten Koerl as well as Sportradar’s management will remain as significant shareholders alongside EQT VI and will continue to drive Sportradar’s future development and growth.
“We are excited to have EQT VI as a new investor in Sportradar. With our new partner, we are able to leverage EQT VI’s global network of Industrial Advisors and its expertise in supporting growth strategies. We will also have increased financial flexibility, and, together with EQT VI, we will continue developing Sportradar into the number 1 global sports data and information company with deep coverage across value chain, geographies and customer segments”, said Carsten Koerl, founder and CEO of Sportradar.
“We are impressed by Sportradar’s achievements so far, and see vast potential to create value by further building on the Company’s capabilities and position. With EQT VI as an investor and partner, Sportradar will continue to further expand internationally, serve its customers with a more comprehensive product and solution set, address attractive new customer segments and also strengthen its market position through acquisitions. We look forward to supporting Sportradar’s management and employees in realizing Sportradar’s full potential”, says Dominik Stein, Partner at EQT Partners, Investment Advisor to EQT VI.
Closing of the transaction is expected in June, subject to customary anti-trust approvals.
Dominik Stein, Partner at EQT Partners, Investment Advisor to EQT VI, +49 89 2554 9936
Johan Hähnel, EQT VI 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.
More information can be found on 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