CVC offers to buy minority stake in TIM’s enterprise business

CVC Capital Partners, the investment firm which earlier this month bought a stake in rugby’s Six Nations for £365 million, has offered to buy up to 49% of Telecom Italia (TIM)’s enterprise business. Interest in TIM is high, with the operator opening talks with US fund KKR over its €10.8 billion takeover attempt earlier this […]

LaLiga clubs endorse CVC deal

Spain’s LaLiga has signed a strategic partnership deal with private-equity outfit CVC after securing the backing of a majority of its clubs for LaLiga Impulso, its plan to boost the global growth of the league. Thirty-seven out of 42 clubs backed the plan, with Real Madrid, Barcelona and Athletic among the notable exceptions. The agreement […]

CVC buys 10% of LaLiga for €2.7 billion

Spain’s LaLiga has agreed to sell a 10% share of its business to private equity firm CVC Capital Partners. CVC will invest €2.7 billion into the league as a part of a programme that the organisations have dubbed ‘Boost LaLiga’. The deal values LaLiga at €24.25 billion, and was approved unanimously today by the league’s […]

CVC in talks to merge ATP and WTA in US$600 million One Tennis deal

Private equity firm CVC is reportedly in advanced talks over a deal to combine the organisers of the men’s and women’s tennis tours in one commercial entity. According to a report from Sky News, the former Formula One owner CVC is in detailed talks over a US$600 million deal to combine the ATP and WTA […]

Serie A media business stake sale off after top clubs object

A group of Serie A clubs have moved to block the €1.7 billion deal to sell a stake in the league’s newly created media business. The deal, agreed in November 2020 after months of speculation, sold a 10% stake in Serie A’s newly created media rights business to a consortium led by CVC Capital Partners […]

‘A true turning point’ for Serie A as league approves media business stake sale

The board of Serie A, the Italian top-flight football league, have unanimously approved a deal to sell a 10% stake in a new media unit to a joint-bid from CVC Capital Partners and Advent International. The investment firms, along with the country’s FSI fund, will pay a total of €1.7 billion for 10% of a […]

Serie A clubs to vote on media rights business bid on November 19

Clubs in Italy’s top flight football division Serie A are set to meet this week to decide on the sale of a stake in its media rights business. The league had previously announced the launch of a new company to manage its broadcast rights for a decade. As a part of this launch, a stake […]

Serie A selects CVC bid for stake in media business

Serie A and its respective clubs will enter into exclusive talks with a CVC-led private equity fund consortium over sale of a stake in its new media business. The Italian top flight football league had previously announced the launch of a new company to manage its broadcast rights for a decade. As a part of […]

Home unions battle for FTA Six Nations in £300 million CVC deal

Private equity firm CVC’s £300 million deal to acquire a 15% stake in Rugby Union’s Six Nations is being held up over broadcast rights. According to the Guardian, England, Scotland and Wales are insisting that the competition remains on free-to-air TV,  while CVC wants full control of the commercial arm of the Six Nations – […]

Liberty Media confirms US$4.4bn Formula 1 deal

Liberty Media has confirmed that it is buying the Formula1 motor sports business for US$4.4 billion. The deal gives F1 an enterprise value of US$8.0 and will see Liberty buy an initial minority stake of 18.7%, which it will up to 100% subject to antitrust and competition approvals in various countries. Liberty is buying the […]