Munich/Burgheim/New York City, 8 April 2024 – Funds advised by Equistone Partners Europe (“Equistone”) are selling their majority stake in Sport Group to KPS Capital Partners, LP (“KPS”) following a successful partnership. With the support of Equistone, the Bavarian-headquartered group has developed into a leading international specialist for artificial turf and synthetic outdoor sports and leisure surfaces. Together with the new owner KPS, this growth trajectory is now to be continued. The transaction, the financial details of which are undisclosed, is subject to the usual regulatory approvals.