Leading global producer of synthetic sport and recreation surfaces
At the time of exiting, Sport Group was a worldwide market leader of outdoor sport and recreational surface systems. Sport Group installed artificial turf fields and tracks (both running tracks and multi-purpose surfaces) and manufactured all system critical components in-house.
Sport Group had three main product groups (artificial turf, tracks and playground) used in a variety of applications. The business benefitted from its unique system competence, leading technology and a strong market position, especially in Germany. Headquartered in Burgheim, Germany, the Group successfully expanded its operations internationally through four add-on acquisitions in recent years and therefore strengthened its product and brand portfolio as well as its geographical presence.
Sport Group was acquired by the IK 2000 Fund in May 2006, before successful sale to Equistone in June 2015.
Our Value Creation Strategy
During our ownership, we worked alongside the management team to:
- Leverage strong organic growth;
- Focus on international expansion; and
- Facilitate selective add-on acquisitions.