Sportradar secures investment from EQT VI to finance further growth23.05.2014 09:24
EQT VI invests into Sportradar, the global leading provider of live sports information and services, operating at the interface between sports and entertainment. With the investment, Sportradar will continue its growth path with value-enhancing acquisitions as well as investments in the development of new products and solutions, geographic expansion and new customer segments
EQT VI has agreed to enter into a partnership with Sportradar AG (“Sportradar” or the “Company”) and to buy shares from the founder, various management shareholders and EQT Expansion Capital II. Sportradar is the market leading provider of live sports information, odds solutions and fraud detection and prevention services for customers in the bookmaker, media and federation markets. EQT VI was attracted to the Company’s strong market position, its leading technology and solutions as well as a lasting growth track record. EQT VI sees significant value creation potential for Sportradar going forward, which will be driven by the company’s entrepreneurial management team as well as a sound and scalable business model. The Company’s founder and CEO Carsten Koerl as well as Sportradar’s management will remain as significant major shareholders alongside EQT VI and will continue to drive Sportradar’s future development and growth.
“We are excited to have EQT VI as a new investor in Sportradar. With our new partner, we are able to leverage EQT VI’s global network of Industrial Advisors and its expertise in supporting growth strategies. We will also have increased financial flexibility, and, together with EQT VI, we will continue developing Sportradar into the #1 global sports data and information company with deep coverage across value chain, geographies and customer segments”, said Carsten Koerl, founder and CEO of Sportradar.
“We are impressed by Sportradar’s achievements so far, and see vast potential to create value by further building on the Company’s capabilities and position. With EQT VI as an investor and partner, Sportradar will continue to further expand internationally, serve its customers with a more comprehensive product and solution set, address attractive new customer segments and also strengthen its market position through acquisitions. We look forward to supporting Sportradar’s management and employees in realizing Sportradar’s full potential”, says Dominik Stein, Partner at EQT Partners, Investment Advisor to EQT VI.
Closing of the transaction is expected in June, subject to customary anti-trust approvals.
Sportradar is the world’s leading supplier of sports and betting-related data. The company, founded in 2007 and headquartered in St. Gallen, has developed into a key player providing all necessary data for the betting and sports media industry, such as fixtures, results, odds compiling and in-running services, as well as front-end content solutions like statistics and live scores. Alongside that, with its security services the company works side-by-side with the leading international sport federations including UEFA and the German DFB/DFL. Over 550 clients, including over 30 state lotteries, in more than 80 countries across five continents rely on Sportradar’s quality services and solutions.