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HgCapital Sells Sporting Index Group
Monday March 23,2015 : H.G. CAPITAL SELLS SPORTING INDEX GROUP
Undisclosed "private investor" inks deal to acquire UK company.
Sporting Index Group reported Monday that an unidentified private investor in online sports betting has reached an agreement to purchase the company from its current owners, HgCapital, subject to regulatory approval.
Founded in London in 1992, Sporting Index offers sports spread betting, along with wagering on political and showbiz events. Over the last four years under the Sporting Solutions brand, SIG has also become a provider of outsourced sports trading services covering data management, modelling, pricing data and software.
The investor plans to support the SIG’s current management team in expanding the potential of its B2C betting business, as well as enhancing the range of services provided by the Group’s B2B pricing and software services business.
The terms of the transaction have not been disclosed.
Warren Murphy, CEO of the Sporting Index Group, said in a statement Monday:
“Our new owner is an excellent fit for our business. We have a shared vision for the future and will receive the necessary resources and expertise to help drive the future growth of both Sporting Index and Sporting Solutions."
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