EQT VI has entered into a definitive agreement to sell its 35% stake in Switzerland-based Sportradar AG to a consortium consisting of CPPIB (Canada Pension Plan Investment Board) and Silicon Valley-based investor Technology Crossover Ventures (TCV).
EQT first invested in Sportradar in 2012 via the EQT Expansion Capital II fund, which sold its stake to EQT VI in 2014. During this period Sportradar expanded and diversified its product offering by audiovisual services and managed trading services. Additionally, Sportradar entered into exclusive strategic partnerships with all key US sports leagues (NBA, NFL and NHL) as well as UEFA and FIFA,
The transaction is subject to approval from the relevant authorities and is expected to close in Q4 2018.