H.I.G Capital Completes SPORTFIVE Acquisition
July 27, 2021
H.I.G. Capital has acquired the minority stake of 24.9% owned by Lagardère, resulting in SPORTFIVE now being 100% owned by H.I.G. Capital.
This step is pivotal in the development of SPORTFIVE and sends a strong signal into the market and further positions the agency as one of the global leaders in sports business and sports marketing.
Stefan Felsing, CEO SPORTFIVE said: “I am delighted that we were able to complete the transaction. It is our ambition to further develop and grow SPORTFIVE fully backed by H.I.G. Capital who support our endeavors.”