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News May 10, 2017

Shearman & Sterling Advises on Financing for SportGroup

Shearman & Sterling advised SportGroup, owned by private equity house Equistone Partners Europe, on a financing transaction with Terra Firma. The support capital financing is structured as an alternative to an equity co-investment and will advance further growth and the international reach of SportGroup.

SportGroup is a leading provider of artificial turf and other synthetic flooring for sports and leisure facilities.

Equistone is one of the leading private equity investors in Europe and one of the most active in the German mid-cap market. Shearman & Sterling already advised Equistone on the financing of the acquisition of SportGroup in 2015, as well as on the add-on financing for AstroTurf and ProGrass.

The Shearman & Sterling team was led by partner Winfried M. Carli and included counsel Matthias Weissinger; associate Andreas Breu; and transaction specialist Marina Kieweg (all Frankfurt-Finance).

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