EQT VI has entered a partnership with Sportradar AG, which includes them buying shares from the founder, management shareholders and through the EQT Expansion Capital II. The deal will allow Sportradar to be able to continue the massive growth that they have had over the past years and invest in developing new products and solutions to sell to their customers.
EQT VI decided to invest in Sportradar due to their market leading position as well as their strong portfolio of different games and data. They believe that Sportradar have a huge potential still to realize and that they can help bringing Sportradar there.
The forward strategy from Sportradar will be driven by Sportradar's entrepreneurial management team and will include a sound and scalable business model. The founder of Sportradar, Carsten Koerl, will continue to be in the company as a major shareholder next to EQT VI and will still continue to be involved in the future of the company.
“We are excited to have EQT VI as a new investor in Sportradar. With our new partner, we are able to
leverage EQT VI’s global network of Industrial Advisors and its expertise in supporting growth strategies.
We will also have increased financial flexibility, and, together with EQT VI, we will continue developing
Sportradar into the #1 global sports data and information company with deep coverage across value chain, geographies and customer segments” CEO and Founder of Sportradar, Carsten Koerl said in a press release.
“We are impressed by Sportradar’s achievements so far, and see vast potential to create value by further
building on the Company’s capabilities and position. With EQT VI as an investor and partner, Sportradar
will continue to further expand internationally, serve its customers with a more comprehensive product and solution set, address attractive new customer segments and also strengthen its market position through acquisitions. We look forward to supporting Sportradar’s management and employees in realizing Sportradar’s full potential” Said Dominik Stein, Partner at EQT Partners, Investment Advisor to EQT VI.
The deal will be finalized in June, but is still subject to customary anti-trust approvals.