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  • Terra Firma makes its first support capital investment

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    Terra Firma makes its first support capital investment

  • Private equity firm Terra Firma is providing funding to SportGroup, a business which makes artificial turf systems and synthetic floor coverings and is owned by Equistone Partners Europe. It is the first support capital investment that Terra Firma has made and will take the form of a loan rather than an equity investment in the business. The funding will be used to support SportGroup’s international expansion plans.It is the first support capital investment that Terra Firma has made and will take the form of a loan rather than an equity investment in the business. The funding will be used to support SportGroup’s international expansion plans.


    Andrew Géczy, CEO of Terra Firma said: “This is a significant deal for Terra Firma, one of Europe’s leading alternative investment firms. SportGroup is a strong company with a proven track record and we look forward to supporting its owner, Equistone Partners Europe over the coming years.” 


    Michael Bork, member of the European Management Board at Equistone Partners, said: “Under our ownership SportGroup has expanded from €280m in sales to almost €500m organically and by more than five acquisitions including Astroturf. It is our goal to further increase SportGroup’s international reach and we believe Terra Firma will be a great partner in helping SportGroup achieve this strategic objective going forward.” 


    Terra Firma was set up by financier Guy Hands and since 1994 has invested over €16 billion in 34 businesses with an aggregate enterprise value of over €48 billion.

  • 11/05/2017

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