Bär & Karrer AG advised Canada Pension Plan Investment Board (CPPIB), a professional investment management organization, as an investor in Sportradar in connection with Sportradar's initial public offering of 19,000,000 Class A ordinary shares at a price to the public of $27 per share. Sportradar is a leading global provider of sports betting and sports entertainment products and services. The shares are trading on the Nasdaq Global Select Market under the ticker symbol 'SRAD'.
Bär & Karrer acted as Swiss legal advisor to Canada Pension Plan Investment Board in this transaction. The team included Mariel Hoch, Marlene Lienau and Joshua Baisch (all Corporate/M&A) as well as Laura Widmer (Employment).