EUR 2.1bn landmark tech-deal: sale of Sportradar AG
Niederer Kraft Frey acted as Swiss transaction counsel to Sportradar AG and the major selling share-holders in the EUR 2.1 billion sale of Sportradar AG to Canada Pension Plan Investment Board (CPPIB) and Silicon Valley-based growth equity firm TCV.
Sportradar is the nexus between sports and entertainment, serving leagues, news media, consumer platforms and sports betting operators with deep insights and a suite of strategic solutions to help grow their businesses. Sportradar is the trusted partner of more than 1’000 companies in over 80 countries and serves as the official partner of national and international sports federations.
The transaction is subject to approval from the relevant authorities and is expected to close in Q4 2018.
The NKF team was led by Corporate/M&A partner Patrik Peyer working with partner Daniela Schmucki, Tax, senior associate Moritz Maurer, Corporate/M&A, associates Victor Stancescu, Corporate/M&A, Livia Keller, Employment, junior associates Michel Herren, Fiona Hutmacher, Tobias Kaufmann and Carlo Egle, all Corporate/M&A.
Brandl & Talos acted as lead transaction counsel for Sportradar and its founder Carsten Koerl. The team was led by Thomas Talos, Corporate/M&A & Regulatory and Roman Rericha, Corporate/M&A.
Freshfields acted as counsel to EQT. The team was led by Wessel Heukamp, Corporate/M&A and Ludwig Leyendecker, Corporate/M&A.