Investments

Gujarat Titans owner CVC Capital Partners set to launch IPO

SportzPower Team

Apr 15, 2024 20:04

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Global buyout firm CVC Capital Partners, the owner of IPL franchise Gujarat Titans, Monday announced plans to launch an initial public offering "in the coming weeks" and list on Euronext Amsterdam.

The IPO is expected to raise a minimum of €1.25 billion, with €250m coming from a mix of new shares as well as the sale of shares by existing shareholders.

Apr 09, 2024 19:04

Omaxe arm to build Rs1500cr multi-sports facility in Delhi

Delhi-based Omaxe Ltd announced Monday that the realty firm's wholly owned subsidiary and SPV - Worldstreet Sports Center - will be developing India's first integrated multi sports facility consisting of an international cricket and football stadium, an indoor stadium along with a retail and hospitality hub spread across an area of 50.40 acres in Delhi's Dwarka area for around Rs 1,500 crore ($180 million).

Apr 09, 2024 19:04

KPS Capital Partners to acquire AstroTurf maker Sport Group

NEW YORK: KPS Capital Partners, through a newly formed affiliate, has signed a definitive agreement to acquire Sport Group TopCo GmbH, including the AstroTurf, Polytan, Rekortan and Laykold brands. Completion of the transaction is expected in the second quarter of 2024 and is subject to customary closing conditions and approvals.

Apr 04, 2024 19:04

Centre Court Capital gaming, sports tech fund

Centre Court Capital debuts Rs350cr gaming, sports tech fund

Centre Court Capital (CCC), a sports-focused venture capital fund, announced the launch of its maiden Rs 350 crore ($42m) fund on Thursday, of which it has already secured Rs 200 crore in commitments from marquee domestic investors and top athletes.

Apr 03, 2024 19:04

Silver Lake to take Endeavor private at $13bn valuation

Private equity firm Silver Lake, the largest investor in Endeavor Group Holdings, Tuesday announced a definitive agreement to take the global sports and entertainment company private at an equity value of $13 billion. Under the terms of the agreement, Silver Lake will acquire 100% of the outstanding shares it does not already own, other than rolled interests.

Apr 03, 2024 19:04

Chennaiyin FC inks football dev partnership with Norwich City

CHENNAI: Indian Super League franchise Chennaiyin FC and English club Norwich City FC Wednesday announced a strategic partnership aimed at fostering mutual growth, innovation, and collaboration in football.

Apr 02, 2024 19:04

U.S. Polo Assn. targeting $1bn retail sales in India

WEST PALM BEACH, Fla: USPA Global has announced that U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has delivered a record $2.4 billion in global retail sales in 2023.

Apr 01, 2024 17:04

F1 owner Liberty Media acquires MotoGP at $4.5bn+ valuation

Liberty Media Corporation, which owns and operates Formula 1, has announced an agreement to acquire MotoGP. Under the terms of Liberty Media's acquisition of MotoGP, Dorna Sports S.L., the exclusive commercial and television rights holder of MotoGP, will remain an independently run company attributed to Liberty Media’s Formula One Group tracking stock.

Mar 28, 2024 18:03

GroupM commits to double media spend on women's sports

NEW YORK, NY: GroupM, WPP’s media investment group, Wednesday announced its commitment to double media investment for annual women’s sports with the creation of a dedicated marketplace.

Mar 19, 2024 20:03

India sport biz crosses Rs15kcr in '23; cricket dominance up: Study

MUMBAI: The sports business in India stood at Rs 15,766 crore ($1.9 billion approx) in 2023. Tellingly, cricket’s (read Indian Premier League in particular) share of this is 87 per cent, up from 85 per cent in 2022. All other other sports, including football, kabaddi, hockey, badminton, to name some prominent ones, account for the remaining 13 per cent.

Mar 19, 2024 20:03

Game Theory forges strategic partnership with Credence Family Office

BENGALURU: Sports tech company Game Theory has forged a strategic partnership with Credence Family Office, a leading multi-family office. The collaboration aims to accelerate Game Theory's expansion plans to bring its multi-sport facilities and immersive training platforms to more sports enthusiasts across Bengaluru.

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