Sportradar secures investment from EQT VI to finance further growth
- EQT VI invests into Sportradar, the global leading provider of live sports information and services, operating at the interface between sports and entertainment
- With the investment, Sportradar will continue its growth path with 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 major 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 #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. Sportradar was advised by McQueen as financial adviser and Brandl & Talos as legal adviser.
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