M&A Deal Summary

Motorsport Network Acquires Canossa Events Srl

On June 4, 2019, Motorsport Network acquired media company Canossa Events Srl

Acquisition Highlights
  • This is Motorsport Network’s 3rd transaction in the Media sector.
  • This is Motorsport Network’s 1st transaction in Italy.

M&A Deal Summary
Date 2019-06-04
Target Canossa Events Srl
Sector Media
Buyer(s) Motorsport Network
Deal Type Add-on Acquisition

Target

Canossa Events Srl

Reggio Emilia, Italy
Canossa Events Srl organize charming events on classic and sports cars: from small luxury tours to big rallies or tough circuit races.

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Buyer(S) 1

Buyer

Motorsport Network

Miami, Florida, United States
Category Company
Founded 2010
Sector Media
DESCRIPTION

Motorsport Network LLC is a vertically integrated automotive & motorsport business. The technology business manages a global broadcast network, live events, and multiple websites, social networks and e-commerce, gaming, analytics & editorial syndication platforms operating in 16 languages across 60 international markets.

DEAL STATS #
Overall 6 of 7
Sector (Media) 3 of 4
Type (Add-on Acquisition) 5 of 6
Country (Italy) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 Sport Media Group

Munchen, Germany

Sport Media Group GmbH is a provider of websites and apps, Formel1.de and Motorsport-Total.com. Sport Media Group was founded in 1996 and is based in Munchen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 European Sport Communication

Weiswampach, Luxembourg

European Sport Communication offers a trip for VIPs and the press during WRC rallies. ESC brings unforgettable experiences by bringing guests to privileged viewing spots at breath-taking locations including thrilling helicopter flights and gourmet stops. The range of services includes customized VIP hospitality solutions, 'inside experiences,' and exclusive perspectives on the sport with incomparable excitement. European Sport Communication was founded in 1999 and is based in Weiswampach, Luxembourg.

Buy -
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