Consolidated Media Industries (CMI), a portfolio company of Bencis Capital Partners, has sold the sports data supplier Infostrada Sports to music, video and now sports data company Gracenote, a subsidiary of media and entertainment company Tribune Media Company, for an undisclosed consideration.
Based in the Netherlands, Infostrada Sports provides cutting edge (live) solutions on the back of its database containing global and historical sports data of more than 250 sports, in 17 languages, dating back more than 100 years. The company has cultivated deep partnerships with broadcasters, national Olympic committees, international sports federations, and sporting event organizers around the world to which it markets among others direct data feeds and database replications.
Gracenote is a subsidiary of Tribune Media Company, one of the nation’s most respected content, distribution and digital companies. Tribune Media is driven by quality TV news, entertainment and sports programming across its 42 owned and operated broadcast stations and WGN America. Complementing its television businesses, Tribune Media’s portfolio includes Tribune Studios, Tribune Digital Ventures, WGN-Radio, Gracenote and a vast array of iconic real estate properties and strategic investments.
CMI develops technology for the creation, management, storage distribution and monetization of digital media and provides this technology to broadcasters, media companies and rights owners as a fully customizable managed service or through the company's product portfolio that offers best-of-breed solutions for specific functions or processes. CMI advises global media firms on the best possible use and implementation of technology within their business model.
Oaklins' team in the Netherlands together with Oaklins Cavendish, based in the UK, acted as the exclusive M&A advisors to the seller in this transaction.
Peter Rademaker, CEO at CMI Holding, said: “Because of Infostrada Sports’ unique proposition, we were approached by various international companies last year. We asked Oaklins' team in the Netherlands together with its colleagues worldwide to advise us during this acquisition process, which resulted in the final selection of Gracenote. Their ambition and strategy fit seamlessly with those of Infostrada Sports. In addition, the acquisition also means that Infostrada Sports is able to create a stronger position in the sports data market, which continues to consolidate."
Frederik van der Schoot
David van Ass
Lord Howard Leigh
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