EQT backs Sportradar

Equity for the deal, which valued Sportradar at €127.5m, was invested from EQT Expansion Capital II, which closed on €474m in 2007. Founder and CEO Carsten Koerl and the existing management team will retain a majority shareholding in the company.

Partner Jens Moritz commented that EQT will support Sportradar management in growing the business organically and through add-on acquisitions. New chairman Werner Klatten stated that the company is in a good position to profit from the growing sports betting market.

Company
Sportradar, founded as Market Monitor in 2000, provides sports-related live data, odds solutions and fraud detection services to bookmakers, media companies, sports companies and government agencies. Based in St Gallen, Switzerland, the company employs 450 staff in seven European offices.

People
Partner Jens Moritz worked on the deal for EQT. Carsten Koerl is CEO of Sportradar. Werner Klatten has been brought in by EQT as chairman.

Advisers
Management - McQueen (Corporate finance); Brandl & Talos (Legal).

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• Topics
• DACH
• Expansion
• Technology
• Switzerland
• EQT