Homburger advised Canada Pension Plan Investment Board and TCV in their acquisition of a stake in Sportradar as well as on the financing related to the transaction
In July 2018, Canada Pension Plan Investment Board (CPPIB) and Silicon Valley-based growth equity firm TCV signed an agreement to acquire a stake in Sportradar at an enterprise value of EUR 2.1 bn (~USD 2.4 bn) from private equity firm EQT and certain minority shareholders. Headquartered in St. Gallen, Switzerland, Sportradar is the global leader in the provision of sports data. The company provides leagues, news media, consumer platforms and sports betting operators with sports data. It is an official partner of the NBA, NFL, NHL and NASCAR, as well as FIFA and UEFA, and the trusted partner of more than 1,000 companies in over 80 countries.
The transaction including the financing was closed and completed, respectively, in early October 2018. Founder, majority shareholder and CEO Carsten Koerl retained his entire ownership position in Sportradar. EQT reinvested a portion of its sale proceeds into Sportradar.
Homburger acted as Swiss transaction counsel to CPPIB and TCV and advised on the related financing. The Homburger team advising CPPIB and TCV was led by partner Heinz Schärer (Corporate / M&A) and included partners David Oser (Corporate / M&A), Reto Heuberger (Tax) and Georg Rauber (IP / IT), associates Stefan Blunschi (Corporate / M&A), Katrina Frame, Thomas Spörri (both IP / IT) and Marc Vogelsang (Tax) as well as junior associates Isabel Guth, Florence Jaeger (both Corporate / M&A) and Nicola Mohler (IP / IT). The Homburger team advising on the related financing was led by partner Jürg Frick and included associate Stefan Bindschedler (both Banking and Finance).
Linklaters LLP, Frankfurt a.M., acted as international transaction counsel to CPPIB and TCV.