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Announced

Tennor Holding acquired a 37.5% stake in Hertha Berlin for €125m.

Financials

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Transaction Value£111m
Consideration Type-
Capital Owned-
Capital Bid For38%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

football club

Recreational Services

Private

Acquisition

Entertainment

soccer club

Private Equity

Synopsis

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Tennor Holding, a global investment holding company, acquired a 37.5% stake in Hertha Berlin, a German football club based in the Charlottenburg locality of Berlin, for €125m. It was also agreed that an increased share up to 49.9% in the future could materialise. President of Hertha, Werner Gegenbauer, said: “Today is a good day for Hertha BSC. This partnership is a result of the development that we are making. The president of Hertha BSC is always anxious to ensure the club has a solid financial basis to work off in the future. This aspiration and also the preservation of our club culture are reflected in this new partnership.”

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