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ECM sells Sport Group to IK

Industri Kapital is acquiring Sport Group from ECM Equity Capital Management in a secondary buyout transaction. Financial details of the transaction are not disclosed. ECM invested an undisclosed amount in the original buyout in 2003.

Sport Group is a provider of outdoor sport and recreational surface systems. The business has three main product groups; artificial turf, tracks and playgrounds, and is the market leader in Germany with a strong position in its market segment across Europe. Headquartered in Germany, Sport Group has over 550 employees. The company generated sales of approximately €130m in 2005.

Richard Gritsch, partner at ECM, said: “We have greatly enjoyed working with the Sport Group management team over the last few years. We are confident that the business is well positioned for future growth under the ownership of Industri Kapital.”

The transaction is subject to customary merger control approvals.