NKF with Sportradar Group on secondary public offering
Niederer Kraft Frey advised Swiss sports technology company Sportradar Group in connection with a USD 517.5 million underwritten secondary public offering by certain selling shareholders.
The context
Pursuant to the transaction, Sportradar Group implemented a conversion of a certain amount of its class B shares into class A shares and, concurrently with the secondary public offering, repurchased own shares in the amount of USD 65.5 million.
NKF represented Sportradar Group on all Swiss Corporate law matters, in collaboration with Paul Hastings acting as US counsel. Moreover, Goldman Sachs and J.P. Morgan were the lead book-running managers for the operation.
The NKF team
Corporate/M&A partners Patrik Peyer (pictured left) and Roman Sturzenegger (pictured right) led the NKF team on the matter, working alongside senior associate Alexander Göbel and associate Sabrina Gysi (all corporate/M&A).
