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SPORTRADAR INVESTMENT BOOST
July 9,2012 : SPORTRADAR INVESTMENT BOOST
Enable further organic and acquisitive development
Private equity group EQT Expansion Capital II (EQT) will inject Euro 44 million in live sports data supplier Sportradar AG.
Under the terms of the transaction, EQT Expansion Capital will become a minority investor and provide growth capital to finance Sportradar’s further organic and acquisitive development.
Sportradar has an enterprise value, before EQT Expansion Capital’s investment, of Euro 127.5 million.
The Company’s founder and chief executive officer Carsten Koerl, as well as Sportradar’s management will remain shareholders in Sportradar and will continue to lead Sportradar’s further development and growth post transaction.
Alongside its financial investment, EQT Expansion Capital will provide expertise from EQT’s global network to support and accelerate Sportradar’s further expansion.
“With our new investor, our financial firepower has improved significantly. The transaction supports our aggressive future growth strategy and will provide access to exciting new business opportunities”, said Carsten Koerl, chief executive officer of Sportradar.
Werner Klatten, Sportradar’s new Chairman added: “Over the last few years, sports betting has gained an increasing importance within the sports industry. With its investment in Sportradar, EQT Expansion Capital supports a highly innovative provider of live sports data that will strongly profit from the continuous growth of the sports betting market”.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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