The deal brings Equine Network into a portfolio that already includes stakes in La Liga, Ligue 1, the Women's Tennis Association, Volleyball World, Six Nations Rugby, Premiership Rugby, and the United Rugby Championship. CVC said the addition strengthens Global Sport Group's exposure to the US market while diversifying into a new sport. Founded by Tom Winsor, Equine Network has built a commercial platform spanning around 40 owned competitions and more than 800 sanctioned third-party events across Western and English disciplines. CVC estimates the US equestrian sports market at about $2.5bn. 'CVC's investment experience in sports spans over twenty years and, while much has changed in that time, sports IP remains a very attractive opportunity in which we continue to see significant potential for further innovation and growth,' said Gemma Wright, partner in CVC's sports, media and entertainment team. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....
Sky News reported that the company is targeting a March launch, although the timetable could be delayed depending on market conditions. Investec has joined Barclays and JPMorgan in the banking syndicate, while Rothschild is advising Loveholidays' private equity owner, Livingbridge. Founded in 2012, Loveholidays has grown into one of the UK's largest online travel agents, specialising in trips to the Greek islands, mainland Spain, and the Canary Islands. The company operates in several European markets and organised holidays for more than 5m customers in 2024. Financial performance has improved sharply since the pandemic. Loveholidays reported pre-tax profits of '67.6m on revenues of '284m for the year ended October 2024, representing a year-on-year increase of about 20%. A successful IPO would represent a significant exit milestone for Livingbridge, which has backed the business since 2018. It would also provide a rare boost for London's equity markets, which have struggled to attract high-profile listings in recent years....
Toronto-based BlueCat develops software used for network control, automation, and security. The company generates more than $100m in annual revenue and serves enterprise customers seeking to manage increasingly complex digital infrastructure. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....
The company said it aims to generate '1bn, or about $1.2bn, in incremental revenue over the next three fiscal years, driven by annual growth of up to 15% on a constant-currency basis. Asia-Pacific is expected to double in size, while the Americas and EMEA regions are forecast to grow at double-digit rates. Chief executive officer Oliver Reichert has emphasised disciplined growth, maintaining demand above production capacity to support pricing and avoid discounting. The group's vertically integrated manufacturing base in Germany gives it greater control than most footwear peers. Private equity firm L Catterton remains the majority shareholder, holding more than half of outstanding shares. Birkenstock also plans to repurchase $200m of stock during fiscal 2026, subject to market conditions. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....
