Sportradar’s $513 Million Initial Public Offering

Wachtell, Lipton, Rosen & Katz represented Carsten Koerl, Founder and Chief Executive Officer of Sportradar. BRANDL TALOS, Niederer Kraft Frey and Latham & Watkins advised Sportradar. Davis Polk advised the underwriters in the offering. Kirkland & Ellis and Bär & Karrer advised Canada Pension Plan Investment Board.

Sportradar Group AG (Nasdaq: SRAD) announced the pricing of its $513 million initial public offering, resulting in an equity valuation of approximately $8 billion.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., UBS Securities LLC, BofA Securities, Inc., Deutsche Bank Securities Inc., Jefferies LLC, Canaccord Genuity LLC, Needham & Company, LLC, The Benchmark Company, LLC, Craig-Hallum Capital Group LLC, Siebert Williams Shank & Co., LLC and Telsey Advisory Group LLC acted as underwriters.

Sportradar Group AG is a leading global provider of sports betting and sports entertainment products and services.

The Wachtell Lipton’s team was led by Joshua A. Cammaker, Partner (Picture), Mark A. Stagliano, Partner, supported by Samuel C. Nadler, Associate.

The BRANDL TALOS team was led by Thomas Talos, Roman Rericha, Nicholas Aquilina and Stephan Strass.

The NKF team was led by Corporate partner Patrik Peyer, working with senior associate Deirdre Ni Annrachain, associate Katalin Siklosi, junior associate Reto Seiler (all Corporate/Capital Markets) as well as Tax partner Markus Kronauer.

Latham & Watkins represented Sportradar in the offering with a corporate deal team led by Washington, D.C. partners Rachel Sheridan and Paul Sheridan, New York/Houston associate John Slater, and New York partner Marc Jaffe, with Washington, D.C. associate Eric Dolenti, and New York associates Paul Rafla and Robyn Sablove, along with Chicago partner Daniel Breslin, with Washington, D.C. associates Ryan Zumwalt and Monica Hernandez. Advice was also provided on benefits & compensation matters by Washington, D.C. partner Adam Kestenbaum, with Chicago associate Dan Gocek; on tax matters by New York partner Lisa Watts, with New York associate Eric Kamerman; on antitrust matters by Washington, D.C. partner Mandy Reeves and Washington, D.C. counsel Patrick English, with Washington, D.C. associate Matthew Piehl; on anti-corruption matters by Washington, D.C. partner Joseph Bargnesi, with Washington, D.C. associate Faiza Hasan; on data privacy & security matters by Washington, D.C. partner Jennifer Archie, with Washington, D.C. associate Jimmy Smith and Frankfurt associate Wolf-Tassilo Böhm; on export controls & sanctions matters by Washington, D.C. partner Les Carnegie, with Washington, D.C. associates Andrew Galdes, Elizabeth Annis, and Julie Choi Shin; on IP matters by New York partner Jeffrey Tochner, with New York associate Max Miroff; and on public company representation matters by New York counsel Irina Yevmenenko, with London/Boston associate Nicole McNeil and New York associate Lydia Franzek.

The Davis Polk corporate team included partners Shane Tintle and Michael Kaplan and associates Clare Conroy, Carrie Guo and Xi (Brooke) Zheng. Partner Pritesh P. Shah and associate Chelsea Renter provided intellectual property advice. Associate Eitan Ulmer provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice.

Kirkland & Ellis advised CPPIB, as an investor in Sportradar, with a team led by capital markets partner Joshua Korff and corporate partners David Higgins and Annette Baillie.

The Bär & Karrer team included Mariel Hoch, Marlene Lienau and Joshua Baisch (all Corporate/M&A) as well as Laura Widmer (Employment).

Involved fees earner: Joshua Baisch – Bär & Karrer; Mariel Hoch – Bär & Karrer; Marlene Lienau – Bär & Karrer; Laura Widmer – Bär & Karrer; Nicholas Aquilina – Brandl & Talos; Roman Rericha – Brandl & Talos; Stephan Strass – Brandl & Talos; Thomas Talos – Brandl & Talos; Clare Conroy – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Carrie Guo – Davis Polk & Wardwell; Michael Kaplan – Davis Polk & Wardwell; Chelsea Renter – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Shane Tintle – Davis Polk & Wardwell; Eitan Ulmer – Davis Polk & Wardwell; Brooke Zheng – Davis Polk & Wardwell; Annette Baillie – Kirkland & Ellis; David Higgins – Kirkland & Ellis; Joshua Korff – Kirkland & Ellis; Elizabeth Annis – Latham & Watkins; Jennifer Archie – Latham & Watkins; Joseph Bargnesi – Latham & Watkins; Wolf-Tassilo Böhm – Latham & Watkins; Daniel Breslin – Latham & Watkins; Les Carnegie – Latham & Watkins; Julie Choi Shin – Latham & Watkins; Eric Dolenti – Latham & Watkins; Patrick English – Latham & Watkins; Lydia Franzek – Latham & Watkins; Andrew Galdes – Latham & Watkins; Daniel Gocek – Latham & Watkins; Faiza Hasan – Latham & Watkins; Monica Hernandez – Latham & Watkins; Marc Jaffe – Latham & Watkins; Eric Kamerman – Latham & Watkins; Adam Kestenbaum – Latham & Watkins; Nicole McNeil – Latham & Watkins; Max Miroff – Latham & Watkins; Matthew Piehl – Latham & Watkins; Paul Rafla – Latham & Watkins; Amanda Reeves – Latham & Watkins; Robyn Sablove – Latham & Watkins; Rachel Sheridan – Latham & Watkins; Paul Sheridan Jr. – Latham & Watkins; John Slater – Latham & Watkins; James Smith – Latham & Watkins; Jeffrey Tochner – Latham & Watkins; Lisa Watts – Latham & Watkins; Irina Yevmenenko – Latham & Watkins; Ryan Zumwalt – Latham & Watkins; Markus Kronauer – Niederer Kraft Frey Ltd; Deirdre Ni Annrachain – Niederer Kraft Frey Ltd; Patrik Peyer – Niederer Kraft Frey Ltd; Reto Seiler – Niederer Kraft Frey Ltd; Katalin Siklosi – Niederer Kraft Frey Ltd; Joshua Cammaker – Wachtell, Lipton, Rosen & Katz; Samuel Nadler – Wachtell, Lipton, Rosen & Katz; Mark Stagliano – Wachtell, Lipton, Rosen & Katz;

Law Firms: Bär & Karrer; Brandl & Talos; Davis Polk & Wardwell; Kirkland & Ellis; Latham & Watkins; Niederer Kraft Frey Ltd; Wachtell, Lipton, Rosen & Katz;

Clients: Bank of America Securities; Canaccord Genuity; Canada Pension Plan Investment Board; Carsten Koerl; Citigroup Global Markets Ltd; Craig-Hallum Capital Group LLC; Deutsche Bank Securities; J.P. Morgan Securities LLC; Jefferies; Morgan Stanley; Needham & Company; Siebert Williams Shank & Co. LLC; Sportradar AG; Telsey Advisory Group LLC; The Benchmark Company; UBS Securities LLC;