Exclusive: HIG Capital weighs sale of sports media rights manager Sportfive – sources ...Middle East

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Exclusive: HIG Capital weighs sale of sports media rights manager Sportfive – sources
LONDON, Oct 23 (Reuters) – Buyout fund HIG Capital is preparing to put its sports management agency Sportfive up for sale, three people familiar with the matter told Reuters. The Miami-based firm has hired Citi to explore a sale of the former Lagardere (LAGA.PA) sports business, which manages media rights for events such as the World Aquatics and World Weightlifting Championships, the people said, speaking on condition of anonymity. HIG is looking to sell now as the company has performed well and it is looking to capitalise on that success, one of the people said. The deliberations are at an early stage and a sale could happen next year unless markets deteriorate further, the person said.

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