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H.I.G. Capital acquires Lagardère’s minority stake in Sportfive

H.I.G. Capital, the international private equity and asset management firm, has become the sole owner of the Sportfive agency, acquiring the 24.9-per-cent stake it did not already own.

The purchase of the shareholding from France-based media conglomerate Lagardère was described this afternoon by Sportfive as “pivotal” in its development and that it “sends a strong signal into the market and further positions the agency as one of the global leaders in sports business and sports marketing”.

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