Sportradar nets further investment from EQT


tennis ballsNordic private equity firm EQT has made a further investment in live sports information and services provider Sportradar.

The firm has agreed to buy shares in the company via its EQT IV fund from the founder, various management shareholders and its own fund, Expansion Capital II.

Sportradar founder and CEO Carsten Koerl and its management team will continue to be shareholders alongside EQT IV.

EQT partner Dominik Stein said, “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.”

Copyright © 2014 AltAssets