CVC Acquires US$300M Equine Network – Global Sport Group Deal
- CVC Capital Partners' Global sport Group (GSG) division purchased a majority stake in equine Network from Growth Catalyst Partners for US$300 million, according to Sky news.
- Equine Network is the largest for-profit equestrian-based league in the United States.
- GSG directors Michelle Wilson and George Barrios are anticipated to become co-chairs of Equine Network following the completion of the acquisition.
CVC Capital Partners’ GSG acquires majority Stake in Equine Network for $300 Million
CVC Capital Partners’ Global sport Group (GSG) division purchased a majority stake in equine Network from Growth Catalyst Partners for US$300 million, according to Sky news. the deal, GSG’s first investment since its launch in September 2023, is expected to finalize in the second quarter of 2024 pending regulatory approvals.
Equine Network Overview
Equine Network is the largest for-profit equestrian-based league in the United States. The company operates 40 competitions across various disciplines, including team roping, showjumping, and ranch sorting. In addition to its owned events, Equine Network manages over 800 events run by third parties. Revenue streams include event fees, league-level sponsorships, and member services.
GSG Leadership Transition
GSG directors Michelle Wilson and George Barrios are anticipated to become co-chairs of Equine Network following the completion of the acquisition. This move comes as GSG pursues €2.7 million in financing to support future acquisitions.