Announced
Completed
Financials
Tags
Majority
Entertainment Facilities
Friendly
Private
France
Recreational Services
Acquisition
Private Equity
Single Bidder
Cross Border
Disposal
Completed
Synopsis
HIG Capital, private equity and alternative assets investment firm, completed the acquisition of Lagardère Sports, a sport and entertainment agency, from Lagardère Group, the Paris-based media conglomerate, for c. $122m. "The global sports marketing segment is a multibillion Euro industry with attractive long-term growth prospects fueled by the continuously increasing popularity of sports and the digitization of sports marketing services. HIG. is looking forward to drive the business to the next level together with a truly global management team," Christian Kraul-von Renner, HIG Managing Director.
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