EQT deal caps off strange month for exits

Buyout firm sells a company from an old fund to a newer one - but it isn't the first to arrange a peculiar exit this month

Nordic private equity firm EQT Partners has sold one of its portfolio companies, the sports data firm Sportradar, to another of its own funds, capping off a month of surprising and unconventional exits for private equity firms in Europe.

In a statement today EQT said it had sold its minority stake in Sportradar from its growth capital fund - called Expansion Capital II - to its flagship fund - EQT VI.

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