DGAP-News: Willkie Farr&Gallagher LLP: Willkie advises EQT Expansion Capital II on its investment in Sportradar
(firmenpresse) - DGAP-News: Willkie Farr&Gallagher LLP / Key word(s): Miscellaneous
Willkie Farr&Gallagher LLP: Willkie advises EQT Expansion Capital II
on its investment in Sportradar
18.07.2012 / 18:22
---------------------------------------------------------------------
EQT Expansion Capital II ('EQT Expansion Capital') has agreed to invest
approximately EUR 44 million in Sportradar AG ('Sportradar' or the
'Company'), the leading supplier of sports related live data, odds
solutions and fraud detection services to bookmakers, media companies,
sports federations and government agencies. As part of the transaction EQT
Expansion Capital will become a minority investor and provide growth
capital to finance Sportradar's further organic and acquisitive
development. Sportradar has an enterprise value, before EQT Expansion
Capital's investment, of EUR 127.5 million.
EQT Expansion Capital is dedicated to providing capital for privately owned
mid-market companies seeking growth. It is part of EQT, the leading private
equity group in Northern Europe with more than EUR 18 billion in raised
capital. Alongside its financial investment, EQT Expansion Capital will
provide expertise from EQT's global network to support and accelerate
Sportradar's further expansion.
'We are delighted about the partnership with EQT Expansion Capital. It is
the right moment for this strategic co-operation as there are huge
opportunities for Sportradar in the marketplace. Combining with EQT
Expansion Capital, with its great experience of backing successful
companies, and EQT's network of industry contacts means we are confident of
continuing Sportradar's success story in the future. With our new investor,
our financial firepower has improved significantly. The transaction
supports our aggressive future growth strategy and will provide access to
exciting new business opportunities', says Carsten Koerl, CEO of
Sportradar.
Werner Klatten, Sportradar's new Chairman adds: 'Over the last few years,
sports betting has gained an increasing importance within the sports
industry. With its investment in Sportradar, EQT Expansion Capital supports
a highly innovative provider of live sports data that will strongly profit
from the continuous growth of the sports betting market'.
'EQT Expansion Capital will support Sportradar's successful management team
in further growing its business organically and via acquisitions. Based on
its market-leading portfolio of sports data and software solutions as well
as the close cooperation with several sports federations in detecting and
preventing fraudulent behavior, we are con-vinced that Sportradar will
continue its impressive growth story', comments Jens Moritz, Partner at EQT
Partners in Germany, Investment Advisor to EQT Expansion Capital II.
The Willkie team was led by Jan Wilms (Finance) and included the partners
Mario Schmidt (Corporate/Private Equity), Rolf Hünermann
(Antitrust/Corporate Compliance), Dr. Christian Rolf (HR) and the
associates Dr. Stephanie Schmidt-Ehemann (Corporate/M&A), Dr. Octávio de
Sousa (Corporate/M&A), Mario Bammann (Finance), Daniel Zakrzewski
(Corporate/M&A), Christian Stoehr (HR), Christina Mann (Corporate/M&A),
Johannes Eckhardt (Corporate/M&A), Jochen Riechwald (HR) and Dr. Maximilian
Schwab (Regulatory).
Willkie Farr&Gallagher LLP is an international law firm, comprising more
than 650 attorneys with offices in New York, Washington, Paris, London,
Milan, Rome Frankfurt and Brussels. The headquarters are in New York, 787
Seventh Avenue, Tel.: 001 212 728 8000.
Frankfurt, July 18, 2012
End of financial news
---------------------------------------------------------------------
18.07.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
178383 18.07.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="Dalradian Resources Commences Priority Target Drilling And Completes Airborne Geophysical Survey in Northern Ireland
Datum: 18.07.2012 - 18:22 Uhr
Sprache: Deutsch
News-ID 166581
Anzahl Zeichen: 4901
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 429 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Willkie Farr&Gallagher LLP: Willkie advises EQT Expansion Capital II on its investment in Sportradar"
steht unter der journalistisch-redaktionellen Verantwortung von
Willkie Farr&Gallagher LLP (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
