Private equity firm BC Partners has "entered exclusive talks" to buy a minority stake in the EuroLeague basketball competition, "edging out rivals including General Atlantic and Saudi Arabia’s SURJ Sports Investment." The firm "could agree a deal with the EuroLeague within a month," according to sources, and the owners are "looking to sell roughly a third of the business at a" $1.12B valuation, BC Partners has been expanding its sports portfolio, including a recent deal by its credit division to buy a stake in sports agency GSE Worldwide (FINANCIAL TIMES, 9/25).
BC Partners eyes EuroLeague hoops investment
