Sportradar Group AG completes USD 517.5m secondary public offering

Niederer Kraft Frey advised Sportradar Group AG on an USD 517.5 million underwritten secondary public offering by certain selling shareholders. As part of the transaction, the company implemented a conversion of a certain amount of its class B shares into class A shares and, concurrently with the secondary public offering, repurchased own shares in the amount of USD 65.5 million.

NKF acted as counsel for Swiss Corporate law matters to Sportradar Group AG in collaboration with Paul Hastings LLP, who acted as US counsel. Goldman Sachs & Co. LLC and J.P. Morgan acted as lead book-running managers for the offering.

The NKF team was led by Corporate/M&A partners Patrik Peyer and Roman Sturzenegger, working with senior associate Alexander Göbel and associate Sabrina Gysi (all Corporate/M&A).