CVC Capital Partners

LaLiga clubs approve €2.7 billion sale of stake to CVC Capital Partners

LaLiga’s general assembly has voted in favour of a deal to sell 10% of the league to CVC Capital partners for €2.7 billion. Announced last week, the ‘Boost LaLiga’ deal values LaLiga at €24.25 billion, and had previously been approved unanimously today by the league’s Executive Committee (Comisión Delegada). At an extraordinary general meeting, 38 […]

Real Madrid launches legal and civil action against LaLiga and CVC over deal

Top Spanish football club Real Madrid plans to launch civil and criminal lawsuits against the president of LaLiga and the CEO of CVC Capital Partners. The league announced an agreement with the private equity firm to sell 10% of its business – including broadcasting rights for 50 years – for €2.7 billion last week. This […]

Real Madrid and Barcelona state objections to LaLiga-CVC deal

The top two clubs in Spanish football – Real Madrid and Barcelona – have publicly denounced the proposed sale of a stake in LaLiga to  private equity firm CVC Capital Partners Last week, the league announced a deal to sell a 10% stake in the league to CVC for €2.7 billion, with 90% of that total going […]

Report: Liberty Media gears up to take F1 rights

Liberty Media is reportedly close to taking control of Formula One, buying ownership of the sport from controlling stakeholder CVC Capital. According to a report by German magazine Auto Motor und Sport, the US$8.5 billion (€7.6 billion) deal is set to go ahead this week with Liberty Media due to pay the first of two […]

Former Virgin Media execs’ outfit buys Spain’s Telecable for €640m

UK-based investment group Zegona has acquired the smallest of Spain’s three independent cable operators, Telecable, for €640 million. Zegona’s deal to buy Telecable, which operates in the Asturias region of northern Spain, followed hard on Basque region operator Euskaltel’s agreement to acquire Galician operator R for €1.155 billion. Euskaltel was seen as the most likely […]

Euskaltel acquires R for €1.155 billion

Basque region cable operator Euskaltel has acquired Galician operator R for €1.155 billion including debt, in a cash and shares transaction, confirming its role as the consolidator amongst the three independent operators in the northern part of Spain. The deal values R, which is 70% owned by investment group CVC and 30% by local bank […]

Sky sells Sky Bet stake at £800m valuation to focus on pay TV growth

Sky has agreed to sell a controlling stake in Sky Bet to CVC Capital Partners, in a deal that puts an £800 million (€1 billion) valuation on its online betting and gaming business.  Sky said that the deal will let an enlarged Sky “focus on the significant opportunity for growth in pay TV across the […]