Funds Advised by Apax Partners LLP Fully Exit their Equity Position in Genius Sports
July 10 2024 - 7:00AM
Business Wire
Genius Sports Limited (NYSE:GENI) (“Genius Sports”), the
official data, technology and commercial partner that powers the
global ecosystem connecting sports, betting, and media, today
announces that Funds advised by Apax Partners LLP (“Apax Funds”)
have fully monetized their equity interest in Genius Sports and no
longer holds any shares in the Company. The Apax Funds first
acquired a majority interest in Genius Sports in September 2018 and
have supported the Company through a period of transformational
growth over the last six years.
“Apax has been a tremendous partner to Genius Sports, and we are
grateful for their valuable insight and expertise over the last six
years,” said Mark Locke, Genius Sports Co-Founder and CEO. “Today
marks the conclusion of a very successful partnership, and we look
forward to welcoming this next chapter with the ongoing support of
our high-quality institutional shareholders.”
About Genius Sports
Genius Sports is the official data, technology and broadcast
partner that powers the global ecosystem connecting sports, betting
and media. Our technology is used in over 150 countries worldwide,
creating highly immersive products that enrich fan experiences for
the entire sports industry.
We are the trusted partner to over 400 sports organizations,
including many of the world’s largest leagues and federations such
as the NFL, EPL, FIBA, NCAA, NASCAR, AFA and Liga MX.
Genius Sports is uniquely positioned through cutting-edge
technology, scale and global reach to support our partners. Our
innovative use of big data, computer vision, machine learning, and
augmented reality, connects the entire sports ecosystem from the
rights holder all the way through to the fan.
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version on businesswire.com: https://www.businesswire.com/news/home/20240710743873/en/
Media: Chris Dougan, Chief Communications Officer +1 (202)
766-4430 chris.dougan@geniussports.com
Investors: Brandon Bukstel, Investor Relations Manager +1 (954)
554-7932 brandon.bukstel@geniussports.com
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