P+P advised shareholders of SportGroup on the sale to Equistone
Funds V, managed by Equistone Partners Europe AG (Switzerland) acquired SportGroup from Swedish private equity investor IK Investment Partners. SportGroup is a manufacturer of artificial turf systems and synthetic floor coverings in the sport and leisure sector.
The purchase price was not disclosed. The transaction is still subject to approval by the antitrust authorities.
The SportGroup Holding, headquartered in Burgheim, Bavaria, employs approximately 1,000 people and operates production facilities in Europe, North America and in the Asia-Pacific region. The SportGroup Holding is a leading global provider of sports and leisure systems in the outdoor area.
P+P Pöllath + Partners provided legal advice on the transaction to the minority shareholders of SportGroup Holding with the following team:
- Dr. Tim Kaufhold (counsel, lead, M&A, Munich)
- Dr. Benedikt Hohaus (partner, M&A, Munich)
