Bridgepoint eyes €4bn MotoGP sale - report

4th Mar 2024 09:08

(Sharecast News) - London-listed private equity firm Bridgepoint is looking to sell its stake in MotoGP's parent company, Dorna Sports, for up to €4bn (£3.4bn), Sky News reported on Monday, citing unnamed sources.

Formula One car race competition owner Liberty Media was understood to be the frontrunner to buy Dorna, although it is reportedly facing competition from a number of rival bidders.

Sky cited one source as saying Bridgepoint was trying to seal an agreement to sell Dorna within a matter of weeks, although they cautioned that the process remained competitive and the timetable for a deal uncertain.

The eventual price could also deviate from the current €4bn target, they added. Bridgepoint owns close to 40% of Dorna, while a slightly smaller stake is held by Canada Pension Plan Investment Board (CPPIB) and the remaining shares held by Dorna's management.