CVC, a private equity and investment advisory firm, completed the acquisition of WTA, a principal organizing body of women's professional tennis, for $149m. “I am excited for the next chapter of the WTA whose future will continue to push the growth of women’s professional tennis. It is truly fitting that we are celebrating 50 years of the WTA alongside the introduction of this landmark and historic opportunity. This partnership with CVC brings experience, a network and capital to move our sport to the next level, embracing the ambition of our founding members, urging women’s tennis beyond its barriers and pioneering new standards for a more equitable and valuable sport,” Steve Simon, WTA Chairman and CEO.