Spain’s La Liga agrees to sell 10% stake to CVC for $3.2 bln

La Liga, Spain’s top soccer league, has agreed in principle to sell 10% of its business to private equity firm CVC Capital Partners for 2.7 billion euros ($3.21 billion) to help finance its long-term growth plans, it said on Wednesday. The deal values La Liga at around 24.2 billion euros and, if approved, will fund […]

CVC serves up $600m global tennis merger as ATP and WTA eye match-up

The former owner of Formula One motor racing is in talks about a $600m deal that could transform the face of global tennis by combining the organizers of the men’s and women’s tours under a single commercial entity. CVC Capital Partners is in detailed negotiations about an investment in the merged professional tours. The talks […]