Buyout firm EQT revs up £500m bid for World Rally promoter

Buyout firm EQT revs up £500m bid for World Rally promoter

The Swedish-based private equity firm is among the suitors circling WRC Promoter, which is owned by Red Bull and German investment firm KW25, Sky News learns.

WRC linked with UK£500m EQT private equity takeover - BlackBook Motorsport

JPMorgan Chase & Co brought on board last year to explore a potential sale New owners could drive significant revenue from race in US debuting next year Private equity firm EQT Partners is weighing up a UK£500 million (US$675.8 million) takeover bid for WRC Promoter, the commercial rights holder of the World Rally Championship (WRC), according to Sky News. The report says EQT is one of a number of firms preparing an offer for the rallying series…