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KKR acquires 9.7% stake in Hertha Berlin

3 Feb 2014

football-soccer-pitch-goalPrivate equity major KKR has acquired a 9.7 cent stake in German football club Hertha Berlin for €61.2m.

Hertha said the deal represents a “quantum leap” for the club’s financial situation as it will enable it to deleverage and buy back some of its rights.

Head of KKR Europe Johannes Huth said, “We look forward to the opportunity of supporting Hertha BSC as a long-term partner and believe in the significant potential of strengthening the club’s position both at home and abroad.

“Its large and loyal fan base, its unique development programme for young talents and the fact that it is the German capital’s leading football club make Hertha an attractive partner for us.”

In June last year private equity firm Pri Arc bought a 1.2 per cent stake in Scottish football club Glasgow Rangers.

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