IK Investment Partners to sell SportGroup to Equistone
IK Investment Partners (“IK”) is pleased to announce that the IK 2000 Fund has reached an agreement to sell Sportfield Deutschland Holding GmbH (“SportGroup” or “the Group”), the worldwide leading specialists for sports and recreational surfaces systems, to Equistone Partners Europe Limited (“Equistone”). The parties have agreed not to disclose the financial terms of the transaction.With over 40 years’ experience, SportGroup is a worldwide quality and innovation leader for synthetic sport and recreational surface systems with turnover of approx. MEUR 300 in 2014. SportGroup develops,