SBC News Voice of the Sports Betting Industry
Private Equity firm HgCapital the owners of sports spread betting company Sporting Index Group, have reached an agreement for the sale of the business to an undisclosed private strategic investor.
The acquisition of Sporting Index is required to pass regulatory approval before being finalised, as yet the terms of the acquisition have not been disclosed by the participating parties.
The new owners are reported to want to support Sporting Index’s management team’s growth strategy by expanding its B2C business. Furthermore the strategic investors will support the expansion and enhancement of the company’s B2B products and services.
Warren Murphy, Chief Executive of the Sporting Index Group, commented on the acquisition:
“This is a really exciting time for the Sporting Index Group, its staff and its customers. Our new owner is an excellent fit for our business. We have a shared vision for the future and will receive the necessary resources and expertise to help drive the future growth of both Sporting Index and Sporting Solutions. We are excited by the opportunities that lie ahead.”
Founded in London in 1992, Sporting Index is a leader in sports spread betting, providing its customers with the most exciting way to bet across a wide variety of sports, as well as political and showbiz events. Over the last four years the Sporting Index Group, under the Sporting Solutions brand, has also developed a leading reputation as a provider of outsourced sports trading services covering data management, modelling, pricing data and software.
