Schoenherr advises PERFORM Group Plc on the EUR 120 million acquisition of Sports data company RunningBall
Schoenherr advised London Stock Exchange listed digital sports specialists PERFORM Group plc in connection with the acquisition of the Austrian subsidiary of Swiss-based sports data company RunningBall AG for EUR 120 million in cash and shares. Transaction counsel was Wiggin LLP, London. The transaction was closed on June 1, 2012.
RunningBall is a leading real-time sports information provider, producing live sports data coverage, last year for over 35,000 sporting events, using a network of scouts keying in information from venues. It currently engages more than 1,100 scouts in over 70 countries around the world.
PERFORM Group is one of the leaders in the commercialization of multimedia sports content across internet-enabled digital platforms. Through production, technical and commercial solutions, PERFORM Group powers digital channels that distribute content in a number of forms – video, editorial, audio and data – across multiple platforms, to millions of sport fans around the world.
"The Perform RunningBall transaction is an example for strategic M&A. It is a positive sign for transactional activity in the Austrian market, which is still largely driven by consolidation and distressed M&A", said Christian Herbst, partner in Schoenherr’s Corporate/M&A practice.
The Schoenherr team consisted of Christian Herbst (Partner), Wendelin Ettmayer (Attorney), and Katharina Oberhofer (Associate).