Deals
EQT Sells Minority Stake in Sports Data Company Sportradar
- Canada Pension Plan Investment Board, TCV bought into company
- Transaction values firm partly owned by NFL at $2.4 billion
Photographer: Noam Gala/noamgalai.com/Moment RF
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Private equity firm EQT Partners sold its minority stake in Sportradar, a Swiss sports data provider that counts global bookmakers among its top customers. The deal values the company, which is partly owned by the National Football League, at $2.4 billion.
EQT said it plans to reinvest an undisclosed portion of the proceeds derived from the sale to Canada Pension Plan Investment Board and private equity firm TCV. Undisclosed minority stakeholders also sold their shares, Sportradar said in a statement Monday. EQT had a 35 percent stake in the company, according to its website.