Wednesday briefing: CVC cuts LFP Media stake value by 73 per cent to €200 million

CVC Capital Partners have reduced the valuation of their investment in LFP Media, the commercial subsidiary of the French Professional Football League (LFP).

The private equity firm invested €1.5 billion in 2022 for a 13 per cent stake in LFP Media, valuing the business at just over €11 billion at the time. Of that €1.5 billion, CVC provided €750m in equity and financed the remainder through debt.

According to a report from L’Équipe, CVC now considers the net asset value of its