M&A Deal Summary

AFV Partners, TCV and Canada Pension Plan Investment Board Acquires Sportradar AG

On July 9, 2018, family office AFV Partners, private equity firm TCV and Canada Pension Plan Investment Board acquired information services company Sportradar AG from EQT Holdings AB for 2.4B USD

Acquisition Highlights
  • This is AFV Partners’ 1st, TCV’s 2nd and Canada Pension Plan Investment Board’s 2nd transaction in the Information Services sector.
  • This is AFV Partners’ 1st, TCV’s 2nd and Canada Pension Plan Investment Board’s 13th largest (disclosed) transaction.
  • This is AFV Partners’ 1st, TCV’s 1st and Canada Pension Plan Investment Board’s 2nd transaction in Switzerland.

M&A Deal Summary

Date 2018-07-09
Target Sportradar AG
Sector Information Services
Buyer(s) AFV Partners
TCV
Canada Pension Plan Investment Board
Sellers(s) EQT Holdings AB
Deal Type Secondary Buyout
Deal Value 2.4B USD

Target

Sportradar AG

St. Gallen, Switzerland
website
Sportradar AG is a partner for the sports betting and media industry. Sportradar provides sports data services to the bookmaking world with its brand Betradar, and to the international media with its brand Scoreradar. Sportradar AG was founded in 2001 and is based in St. Gallen, Switzerland.

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Buyer(S) 3

Buyer

AFV Partners

Investor

website


Category Family Office
Founded 2019
SizeSmall
Type Sector Focused
DESCRIPTION


DEAL STATS #
Overall 1 of 4
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 1 of 2
Country (Switzerland) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-14 Aircraft Performance Group, Inc.

Castle Rock, Colorado, United States

Aircraft Performance Group is a provider of proprietary flight operations software solutions into the aftermarket of the aerospace industry. APG operates a software as a service business model focused on the corporate and business aviation segment of the aerospace industry. APG has recently integrated its market-leading aircraft performance software solutions, including runway analysis and weight and balance services, with flight planning services into a new software offering and mobile app, iPreFlight GenesisTM. Aircraft Performance Group was formed in 1999 and is based in Castle Rock, Colorado.

Buy -
Buyer

TCV

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 12.0B USD
SizeMega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $30 and $300 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 74 of 79
Sector (Information Services) 2 of 2
Type (Secondary Buyout) 3 of 5
Country (Switzerland) 1 of 1
Year (2018) 2 of 2
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 AppNexus, Inc.

New York, New York, United States

AppNexus, Inc. is an advertising marketplace and provides enterprise products for digital advertising – serving publishers, agencies and marketers. AppNexus, Inc. was founded in 2007 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 eharmony

Los Angeles, California, United States

eharmony is a pioneer in using algorithms to create highly compatible relationships based on key dimensions of personality that predict the most compatible, highly successful, long-term relationships. eharmony operates in the United States, Canada, the United Kingdom and Australia.

Sell -
Buyer

Canada Pension Plan Investment Board

Toronto, Ontario, Canada

website


Category Company
SectorFinancial Services
DESCRIPTION

The Canada Pension Plan Investment Board manages, as of June 30 2013, over $188 billion in investment assets for the Canada Pension Plan on behalf of eighteen million Canadians.


DEAL STATS #
Overall 26 of 40
Sector (Information Services) 2 of 2
Type (Secondary Buyout) 5 of 7
Country (Switzerland) 2 of 2
Year (2018) 4 of 5
Size (of disclosed) 13 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-08 Ant Financial Services Group

Hangzhou, China

Ant Financial Services Group is focused on serving small and micro enterprises, as well as consumers. Ant Financial is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Businesses operated by Ant Financial Services Group include Alipay, Ant Fortune, Zhima Credit and MYbank.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-19 Companhia Energética de São Paulo

Sao Paulo, Brazil

Companhia Energética de São Paulo is a producer of electricity in the state of Sao Paulo. Companhia Energética de São Paulo was founded in 1966 and is based in Sao Paulo, Brazil.

Buy руб.1.7B

Seller(S) 1

SELLER

EQT Holdings AB

Stockholm, Sweden

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 67.0B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

EQT Partners is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, cr,edit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €15 to €500 million) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €50 to €400 million) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT Partners was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 109 of 156
Sector (Information Services) 2 of 2
Type (Secondary Buyout) 30 of 47
Country (Switzerland) 4 of 5
Year (2018) 8 of 11
Size (of disclosed) 8 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Banking Circle

Luxembourg, Luxembourg

Banking Circle is a next-generation provider of mission-critical infrastructure for cross-border payment processing, offering reduced complexity, time, and cost. The company uses direct clearing access through blue-chip partner banks to serve the fast-growing online payment processing provider market. Banking Circle was founded in 2013 and is based in Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-23 Saur SAS

Issy-les-Moulineaux, France

Saur is a French drinking and wastewater management company focused on small/mid-sized cities across France, where it services approximately 7,000 French municipalities under long-term contracts. Saur is also active internationally, particularly in Iberia, Saudi Arabia, and Poland. Saur was founded in 1933 and is based in Issy-les-Moulineaux, France.

Buy -