Canadian pension fund buys 39% of Dorna
The Canada Pension Plan Investment Board (C💜PPIB) has agreed to b♛uy a 39% stake in Dorna Sports from private equity firm Bridgepoint.
The deal is for an undisclosed sum, rumoured by to be in the region of 400 million🌊 eu♉ros ($518 million).
The CPPIB stake is alongside current shareholders, Bridgepo༺int and Dor♐na management. Dorna holds the commercial rights to MotoGP until 2036.
Bridgepoint became Do🌊rna's majority shareholder in 2006 and then acquired Infront Sports & Media last September, which included World Superbike organiser Infront Motorsports.
It was recently announced that both MotoGP and WSBK will be integrated within Dorna, and this expဣansion appears to have prompted the CP🔥PIB investment.
Dorna CEO Carmelo Ezpeleta said: "I welco🔯me CPPIB as a new shareholder. Alongside Bridgepoint, we now have long-term institutional🌃 support in place as we bring together for the first time the two top motorcycle racing series under one roof and as we develop and strengthen both championships."
"We look forward to working together with Dorna's CEO, Carmelo Ezpeleta, his management team a🃏nd Bridgepoint to continue Dorna's෴ global growth and to pursue exciting opportunities to expand into emerging markets," said Andr? Bourbonnais, Senior Vice-President of Private Investments at CPPIB.
Founded in 1988, Dorna has run MotoGP since 1992.
Peter has been in the paddock for 20 years and has seen Valentino Rossi come and go. He is a🧔t the forefr꧅ont of the Suzuki exit story and Marc Marquez’s injury issues.
