Cannae Holdings, Inc. Acquires 100% of Exeter Rugby Group, Accelerating Its Strategy of Concentrating on Sports and Entertainment Assets
Cannae Holdings acquired 100% of Exeter Rugby Group, the parent of the Exeter Chiefs professional rugby club, for an enterprise value of approximately $43 million. The transaction involves a $26 million equity investment by Cannae, with $16 million used to pay down existing debt and $10 million retained for growth capital.
Key figures
- Deal Value Usd
- 43000000
- Debt paydown gbp
- £11.7 million
- Debt paydown usd
- approximately $16 million USD
- Stadium capacity
- 15000
- Growth capital gbp
- £7.9 million
- Growth capital usd
- approximately $10 million USD
- Enterprise value gbp
- £32.6 million
- Equity investment gbp
- £19.6 million
- Equity investment usd
- approximately $26 million USD
AI analysis
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