The Canada Pension Plan Investment Board (CPPIB) and Silicon Valley-based growth equity firm TCV have acquired a stake in sports data and technology solutions provider Sportradar.

The pair are acquiring the shares held by private equity firm EQT and certain minority investors, with the transaction valuing Sportradar at €2.1bn (USD$2.4bn).

Sportradar's founder and chief executive Carsten Koerl will retain his majority stake in the business and will remain in charge of strategy following the transaction.

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