PE firms eye German soccer league deal
November 27, 2020- Share:
Advent International and BC Partners are among potential bidders for a minority stake in Bundesliga International, the company that manages the rights for Germany's top two soccer divisions, according to Bloomberg. Other suitors are said to include Bain Capital, CVC Capital Partners, General Atlantic and KKR. Sports teams and leagues have become an attractive target for PE investors. Earlier this month CVC, Advent and state-backed investor FSI agreed to pay €1.7 billion for a 10% stake in Serie A's media rights unit.
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