FIVB
The FIVB closed the deal with one of the biggest private equity and investment advisory firms in existence, the CVC Capital Partners Fund VII.
The governing body of world volleyball partnered up with the Luxembourg-based company in order to “improve the experience for players and fans, with a strong emphasis on fan engagement.” Most importantly, the partnership between the FIVB and CVC Capital Partners Fund VII “will drive innovation, growth, and investment in volleyball around the globe and focus on event hosting, fan experience, media, data/digital opportunities, and sponsorship to grow commercial revenues for reinvestment, which will ensure the long-term success of the sport.” It will include investment for the benefit of fans, players, and National Federations.
What CVC Capital Partners Fund VII brings into this collaboration is an extensive experience in investing in similar projects in sports, such as Formula 1, Moto GP, and Rugby.
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