Market Chatter: KKR Frontrunner to Become Shareholder in CVC Capital Partners' Sports Investment Vehicle

MT Newswires Live01-28

KKR (KKR) has emerged as the frontrunner in a 2.75 billion euros ($2.4 billion) deal to take a stake in CVC Capital Partners-created sports investment vehicle, Sky News reported Wednesday.

KKR is in advanced negotiations about the deal, although other candidates, including Ares Management (ARES) remain in the frame to participate, the media outlet said.

CVC Capital's Global Sport Groups owns stakes in Six Nations Rugby, women's professional tennis as well as in French and Spanish men's football teams, the report said.

KKR, Ares Management did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 117.47, Change: +1.47, Percent Change: +1.27

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