After completing its move to buy a stake of the Six Nations yesterday the private equity firm CVC Capital Partners is now close to concluding a deal with South Africa.
The six unions of the Six Nations finalised the deal yesterday by selling 14.3 per cent of their commercial business to CVC for £365 million. The deal is worth £95 million to the RFU over five years, £50 million to the Welsh Rugby Union (WRU), £48 million to the Irish rugby union and £44.5 million to Scottish Rugby.
CVC Capital Partners has now invested more than £700m into professional rugby, with its latest move adding to previous funds in the Gallagher Premiership and the Guinness Pro14.
Source: The Times
Can’t stop reading? Read more
Fund Friday: Top fundraising news in private equity
Fund Friday: Top fundraising news in private equity Aquilius Investment Partners, a...
KKR powers past $723bn AUM on record fundraising and historic investment pace
KKR powers past $723bn AUM on record fundraising and historic investment pace KKR & Co. posted...
Ardian to acquire 90% stake in Centrotherm, boosting European semiconductor portfolio
Ardian to acquire 90% stake in Centrotherm, boosting European semiconductor portfolio Ardian has...