Advance completed the acquisition of The IRONMAN Group from Wanda Sports Group for c. $730m.

Advance Publishing, a business holding company, and Orkila Capital, an investment management service provider, completed the acquisition of The IRONMAN Group, a portfolio of events from Wanda Sports Group, a sports events, media and marketing platform in a c. $730m deal. "The successful completion of this transaction within the anticipated time frame was a priority for us. We believe that through this completion, we achieved one of the critical steps towards increasing our financial stability and reducing debt leverage. I am pleased that The IRONMAN Group will continue to work with us to further expand our mass participation business, in China, for the benefit of all of our stakeholders. We remain committed to growing our Mass Participation segment globally and driving further growth in the Chinese market," Hengming Yang, Wanda Sports Group President and CEO.