According to information reported by Bloomberg, the American private equity giant KKR & Co has officially announced the acquisition of Arctos Partners, a shareholder in Paris Saint-Germain (PSG), for €1 billion.
The transaction could even reach up to $1.5 billion, including performance-based bonuses planned for Arctos executives.
From now on, KKR & Co, which managed $723 billion in assets as of the end of September, is positioning itself in two rapidly expanding markets: sports investment and the private equity secondary market.
By way of reminder, Arctos Partners, which manages approximately $15 billion in assets, holds stakes in numerous North American clubs, including the Golden State Warriors and Utah Jazz (NBA), the Los Angeles Dodgers and Houston Astros (MLB), the Los Angeles Chargers (NFL), and the New Jersey Devils (NHL).
On the football front, the firm owns minority stakes in PSG, as well as in Fenway Sports Group (owner of Liverpool FC) and Atalanta Bergamo.
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