Tennis: CVC Capital Partners acquires 20% of the new commercial company WTA Ventures for $150m
The investment fund CVC Capital Partners has become a "strategic partner" of the Women's Tennis Association on 07/03/2023. "CVC will be WTA's commercial partner, investing capital and acting as a catalyst to drive growth of the sport," said the two parties.
In effect, the Luxembourg fund will invest $150m (€140.7m) to take a 20% stake in "WTA...