HIG Capital carves out Lagardère Sports

The carve-out is part of Lagardère's strategic refocusing on its Lagardère Publishing and Lagardère Travel Retail divisions.

The Lagardère group will retain its entire interest in Lagardère Live Entertainment, valued in its financial statements at around €40m. This planned disposal values Lagardère Sports at approximately €110m, and the Lagardère Sports and Entertainment division as a whole at around €150m.

The planned disposal will be submitted to the relevant employee representative bodies and is subject to clearance from the competition authorities.

HIG is currently investing via its HIG Growth Buyout Equity Fund III, which closed on €970m in 2018. 

Company
Lagardère Sports is a sports media agency, part of Lagardère Sports and Entertainment. The whole Lagardère Sports and Entertainment division posted revenues of €438m in its full-year 2018. It employs 1,400 people.

Lagardère Sports and Entertainment's activities include sports marketing, sponsorship and brand partnerships, content creation and event management. The sports division is based in London.

People
Lagardère – Arjil Commanditée-Arco (CEO).

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