Press Release: Sportfive sold to Lagardère
Luxembourg, 20 November 2006 - RTL Group announced today that it has sold its remaining 25 per cent shareholding in Sportfive, the European leader in the field of sports rights marketing, to Lagardère SCA. The sale is part of Lagardère’s full acquisition of Sportfive from the current shareholders Advent International, Goldman Sachs Capital Partners, RTL Group and Sportfive’s management. The transaction, which was also announced today, is based on an enterprise value of EUR 865 million for Sportfive.
The sale is subject to the approval of the antitrust authorities.
In March 2004 RTL Group reduced its shareholding in Sportfive from 46.4 per cent to 25 per cent as part of a major restructuring of the company’s ownership. Since then private equity company Advent International has been Sportfive’s majority shareholder.
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