RAC could jump-start London’s IPO engine with bumper £5bn float Markets London’s IPO market could soon come motoring back, led by a bumper £5bn float from RAC as the roadside assistance firm defies market uncertainty to press ahead with its listing plans. The West Midlands-based business, founded in 1897, has reportedly held preliminary meetings with prospective investors and fund managers, in the clearest sign yet that [...]
CVC’s Global Sport Group to announce deal with Gordon Brown-linked Pimco Sport Business CVC Capital Partners’ new sporting arm Global Sport Group is set to announce a deal with Gordon Brown-associated asset management group Pimco. The deal will see the firm which manages around $2 trillion in assets heavily involved in debt financing, according to Sky News’ Mark Kleinman. The senior debt financing is set to be worth [...]
Darts, private equity and fuelling the booming sport’s growth in America Sport Business Nodor Group CEO Tom Brown and PDC chief Matt Porter on private equity in darts and how to realise the sport’s potential in North America. To the south-east of Nairobi, a world away from Alexandra Palace, 2,000 Kenyans are working diligently to feed the global explosion in popularity of darts. There, at the Nodor Group’s [...]
Exclusive: Former Man United CEO’s firm partners with CVC volleyball league January 14, 2026 Former Manchester United chief executive Richard Arnold’s sport commercial consultancy has entered into a partnership with the CVC Capital Partners-run Volleyball World, City AM can reveal. Red Tiger Marketing will today announce a deal with the league, owned by the private equity giant thrusted into the sporting world through Formula 1, which will “drive the [...]
CVC-backed Teneo establishes New Zealand footprint via PwC deal January 13, 2026 Advisory firm Teneo is to acquire PwC New Zealand’s business restructuring services unit as part of its Asia-Pacific expansion strategy. The deal, which is subject to customary closing conditions and is expected to close at the end of February 2026, will see 22 members of PwC New Zealand’s business restructuring services team join Teneo. This [...]
Exclusive: CVC Capital Partners nearing external investment for $14bn Global Sport Group December 30, 2025 Six Nations investors CVC Capital Partners is close to securing external investment in its $14bn Global Sport Group, which is expected to trigger a wave of new sporting acquisitions at the start of next year. GSG, which is chaired by former EE chief executive Marc Allera, was formed earlier this year to run CVC’s existing [...]
WTA and Mercedes-Benz pen decade-long deal said to be worth $500m December 10, 2025 The WTA (Women’s Tennis Association) has penned a decade-long partnership agreement with Mercedes-Benz believed to be worth as much as $500m (£376m). The deal, announced at the Mercedes factory in Stuttgart with WTA co-founder Billie Jean King and 20-time grand slam winner Roger Federer in attendance, will see the automotive behemoth become a “premier partner” [...]
Exclusive: Volleyball World boss hails involvement in CVC’s Global Sport Group November 12, 2025 The chief executive of Volleyball World has described his organisation’s integration into CVC Capital Partners’ Global Sport Group as an “immediate win”. The private equity giants who count the Six Nations, LaLiga, Prem Rugby, and Ligue 1 as part of their sporting portfolio have pooled their assets into one mega sport fund chaired by former [...]
Exclusive: Leicester Tigers and DCMS face scrutiny over £6m Covid loan renegotiation November 5, 2025 Leicester Tigers and DCMS are facing questions after they altered the repayment terms of the club’s £6m Covid-19 loan to interest-only until 2028. The change, which only emerged in the Prem Rugby club’s most recent financial accounts, casts further doubt on DCMS’s chances of recouping its £474m lending to sporting and cultural bodies – raising [...]
Kolisi, Villa and Diggins to advise CVC’s £10bn Global Sport Group November 3, 2025 Siya Kolisi, David Villa and Skylar Diggins are to advise CVC Capital Partners’ new £10bn consolidated portfolio, Global Sport Group, which owns stakes in several major leagues. Rugby World Cup-winning South Africa captain Kolisi, former Spain striker Villa and US women’s basketball star Diggins will form an athlete advisory group as part of a partnership [...]