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Top 2 cvc capital partners News Today

#1
KKR in talks to score with £2.4bn deal for Six Nations Rugby investor
#1 out of 2
business1d ago

KKR in talks to score with £2.4bn deal for Six Nations Rugby investor

  • KKR is in advanced talks to buy a stake in Global Sport Group, valuing the deal at about €2.75 billion (£2.4 billion).
  • GSG owns stakes in Six Nations Rugby, women's tennis, and major football leagues in France and Spain.
  • The deal would allow CVC to remain invested in its sports portfolio for longer and may enable a future IPO or minority stake sale.
  • KKR declined to comment on the potential transaction, while CVC could not be reached for comment, according to Sky News.
  • Global Sport Group's strategy includes expanding its portfolio with new investments in elite sports assets.
  • CVC previously expanded its sports footprint after acquiring Equine Network, a large US equestrian league.
  • The investment aims to maximise commercial potential through media and sponsorship rights deals.
  • The deal would enable CVC to pursue longer-term ownership of premium sports assets.
  • The relationship between KKR and GSG signals growing private capital interest in elite sports.
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#2
RAC owners rev up £5bn float plan as banks take steering wheel
#2 out of 2
business1d ago

RAC owners rev up £5bn float plan as banks take steering wheel

  • RAC owners plan a potential £5bn London listing, with Goldman Sachs among the bankers leading the deal.
  • The RAC is owned by CVC Capital Partners, Silver Lake Partners and Singapore's GIC, and has around 15 million members.
  • Sky News says the banks overseeing the listing include Goldman Sachs as part of the flotation plan.
  • The RAC is a long-standing British breakdown service with strong brand recognition and a large membership base.
  • The AA and other groups have also attracted banker involvement as potential exits are explored.
  • The RAC's arrangement could become one of the London market's largest listings in 2026.
  • RAC's ownership includes a mix of private equity and a state-backed investor from Singapore.
  • The planned listing follows Sky News reporting on last summer about the exit strategy.
  • The RAC employs thousands and has a broad member base, signaling scale for a potential flotation.
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