CVC Capital Partners is looking to raise €2.75bn, or $3.2bn, of long-dated debt secured against its Global Sports Group franchise, in an unusual move for a private equity firm, Bloomberg reports.

The financing, which will be ranked investment grade, is being marketed to institutional investors and structured with maturities of five, 10, and 25 years. Goldman Sachs is arranging the transaction, with pricing expected in early February.

Athvance Capital has launched a European investment platform dedicated to building scaled sports assets across intellectual property, technology, and services, as private capital increasingly targets under-commercialised segments of the global sports industry.

The platform is founded by Danny Menken, former managing director of Eurosport and co-founder of Eleven Sports, alongside Karim Ben Rejeb, a former JPMorgan investment banker with more than 20 years of dealmaking experience.

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China’s Anta Sports Products has made an offer to acquire the Pinault family’s 29% stake in German sportswear group Puma, opening the door to a potential change in ownership, says Reuters.

Anta submitted the proposal several weeks ago and has secured financing should a transaction proceed. However, one source said discussions have stalled, and there is no certainty a deal will be agreed.

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KKR has agreed to acquire Arctos Partners in a transaction valuing the sports and secondaries investor at about $1bn, according to Bloomberg.

The deal includes performance-based incentives that could lift the valuation to as much as $1.5bn. Arctos’ senior management team, led by co-founder Ian Charles, will remain in place and retain their existing carried interest, while also receiving shares in KKR.

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