Homburger advises Canada Pension Plan Investment Board and TCV in their investment in Sportradar
On July 9, 2018, Sportradar announced two new strategic partners: Canada Pension Plan Investment Board (CPPIB) and Silicon Valley-based growth equity firm TCV.
CPPIB, through its wholly owned subsidiary, CPP Investment Board Europe S.à r.l., and TCV will together acquire a significant stake in Sportradar AG at an enterprise value of EUR 2.1 bn (~USD 2.4 bn) from private equity firm EQT and certain minority shareholders. Founder, majority shareholder and CEO Carsten Koerl will retain his entire ownership position in Sportradar. EQT will also reinvest a portion of its sale proceeds into Sportradar.
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 data. It is an official partner of the NBA, NFL, NHL and NASCAR, as well as FIFA and UEFA.
CPPIB is an investment management organisation, headquartered in Toronto (Canada), that manages and invests funds on behalf of 20 million contributors to and beneficiaries of the Canada Pension Plan. Founded in 1995, TCV provides capital to growth-stage private and public companies in the technology industry. The firm has invested more than USD10 bn U.S. dollars in leading technology enterprises and has assisted in over 115 IPOs and strategic acquisitions. TCV currently has invested over USD 1 bn in Europe.
Homburger is advising CPPIB and TCV on all Swiss law aspects of the transaction. The Homburger team is led by partner Heinz Schärer (Corporate / M&A) and includes 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 Florence Jaeger (Corporate / M&A) and Nicola Mohler (IP / IT).