Lagardere : Sale of 75% of Lagardère Sports to private equity fund H.I.G Capital
>Sale of Lagardère Sports, disposal plan close to completion - Lagardère announced this morning the sale of 75% of Lagardère Sports to private equity fund H.I.G Capital. The press release mentions a valuation of € 110m for the scope concerned (and € 150m for the Lagardère Sports and Entertainment division as a whole), but a negative cash impact in 2019 (payment postponed between 2020 and 2025). This is a fairly long way short of the estimate that we had made on seve...Lagardere Groupe is a holding company. Through its subsidiaries, Co. is engaged in the media industry (news, education, culture and entertainment businesses). Co.'s main activities in the media industry can be divided into four separate divisions. Lagardere Publishing includes Co.'s Book Publishing and e-Publishing businesses. Lagardere Active encompasses Co.'s Magazine Publishing, Audiovisual (Radio, Television, Audiovisual Production), Digital and Advertising Sales Brokerage businesses. Lagardere Services encompasses the Travel Retail and Distribution businesses. Lagardere Unlimited specializes in sports and entertainment.
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