CVC Expands Global Sports Platform with Controlling Stake in US Equestrian Leader Equine Network

CVC Capital Partners has agreed to acquire a controlling stake in **Equine Network**, the largest for-profit equestrian sports league in the US, marking the private equity firm’s first new league investment in its **Global Sport Group** platform.[1]

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The deal integrates Equine Network into a portfolio that includes stakes in La Liga, Ligue 1, the Women’s Tennis Association, Volleyball World, Six Nations Rugby, Premiership Rugby, and the United Rugby Championship. CVC views the acquisition as a move to bolster **US market exposure** in **private equity sports investments** while diversifying into equestrian sports, a $2.5 billion sector spanning Western and English disciplines.[1]

Deal Rationale and Strategic Fit

Founded by Tom Winsor, Equine Network operates around 40 owned competitions and sanctions over 800 third-party events, creating a robust commercial platform. CVC’s investment leverages its two-decade track record in sports, targeting innovation and growth in sports intellectual property (**IP**). “Sports IP remains a very attractive opportunity in which we continue to see significant potential for further innovation and growth,” said Gemma Wright, partner in CVC’s sports, media and entertainment team.[1]

Post-closing, Michelle Wilson and George Barrios—former co-presidents of WWE and current directors of Global Sport Group—will serve as co-chairs of Equine Network, bringing media and entertainment expertise to scale operations in **cross-border sports M&A** trends.[1]

Transaction Details and Timeline

• Stake: Controlling interest in Equine Network.
• Advisors: CVC advised by Lazard; Growth Catalyst Partners and Equine Network by William Blair.
• Expected Close: Q2 2026, pending regulatory approvals.
• Market Size: US equestrian sports estimated at $2.5 billion by CVC.

Broader Implications for Private Equity in Sports

This transaction aligns with accelerating **private equity strategies in niche sports leagues**, where firms like CVC pursue scalable IP assets amid stabilizing valuations. Comparable deals include KKR’s reported interest in a $3 billion transaction for a CVC sports vehicle, highlighting competitive dynamics in **sports investment platforms**.[1] Equestrian’s fragmentation offers consolidation opportunities, similar to CVC’s prior investments in team sports, with potential for media rights expansion and event monetization.

For C-level executives eyeing **private equity exit strategies in sports** or **sector-specific M&A**, the deal underscores US entry points in underserved markets. Bain & Company notes sports investments yielding 15-20% IRRs through digital streaming and global licensing, trends CVC aims to replicate.[1]