英文【DrakeStar】2024年全球体育技术报告

Note: Some transactions executed by current Drake Star Partners employees while employed at other firms* A Partner at Drake Star was an investor in the selling ownership consortium*PodcastPodcastLinkLink+1 203 524 5652 gregory.bedrosian@drakestar.com+1 310 696 4011michael.metzger@drakestar.com+1 310 696 4006mohit.pareek@drakestar.com+44 77 4005 2468eric.ward@drakestar.comDEV BAJAJCHIEF STRATEGY OFFICERMOHIT PAREEKPRINCIPALEXCLUSIVE INTERVIEWJEFF ROTHPARTNERMOHIT PAREEKPRINCIPALEXCLUSIVE INTERVIEWNote: Figures include deals that were announced in 2024.Source: Pitchbook, Drake Star Research1,152Deals18 M&A Deals Over $1B17Financings Over $50M$6B+ New Funds Raised$86BDeal ValueBUYERS TO WATCH IN 2025FINANCIAL BUYERS / INVESTORS TO WATCH IN 202545364850$67.8B$4.5B$14.1BSource: Pitchbook, Drake Star Research2024 DEAL VALUE2024 DEAL COUNTM&APrivate PlacementsPublic MarketsTotal - $86.4BTotal – 1,1522024 SUMMARY•With over $86B in announced deal value through 1,100+ deals, 2024 was an unprecedented year for sports tech dealmaking, while the broader M&A markets were recovering from the lows of 2023. 2025 has already started on a very good note with strong M&A activity (TKO acquiring PBR, IMG and On Location for $3B, Disney/Fubo) and a notable pick up in financing activity (DAZN, Infinity Reality, Underdog). •2024 was by far the strongest year in history for M&A with $68B in disclosed value over 486 announced deals, 1.7x 2023 disclosed value and 18 large ticket $B+ deals. Some of the landmark deals include Silver Lake’s $13B take-private of Endeavor, Skydance’s $8.4B acquisition of Paramount, KKR’s $4.75B acquisition of Varsity Brands, Standard General’s $4.6B acquisition of Bally’s, and Liberty Media’s $4.6B acquisition of Dorna Sports. •$4.5B was raised in 648 private placements (17 $50M+ financings) with some landmark large financings for leading sport tech companies. Riddell’s $400M raise from BC Partners was the largest financing of the year followed by Infinite Reality ($350M), Cosm ($300M), EGYM ($200M) and Oura ($200M). •While there were 17 $50M+ financings during the year, the total deal count was down by 8.3% over last year (and 22% down on total raise), showcasing the lackluster broader financing market. Early-stage financings made up over 80% of total deals and Wearables & Performance Enhancement segment saw highest activity. Top early-to-late-stage investors for 2024 include Will Ventures, Bolt Ventures, and Ryan Sports Ventures. •2024 continued the strong inflow of capital with over $6B of funds raised for sports and media acquisition and investments. Arctos ($4.1B) and Shamrock ($1.6B) doubled down through follow-on funds and new funds emerged in Avenue Capital Group ($400M), Velocity Capital ($200M) and others. •Public markets saw a wave of debt refinancings (Liberty Media, Peloton, Flutter etc), signaling a rebound in investor confidence. Canal+ spun off from Vivendi to list on LSE while Liberty Media and Amer Sports raised follow on equi