Bain Capital and Nextalia SGR Acquire Deltatre

Deltatre, sports and entertainment technology provider, is set to be purchased by private investment firm, Bain Capital, and asset management company, Nextalia SGR.

With clients including UEFA, NFL, MLB and MLS, Deltatre expected to generate $317 million for its sale, but no official figures have been released at this time as the transaction still awaits regulatory and customary approvals.

Providing over-the-top (OTT) to approximately 25 million users per day and having engaged with 20% of internet users globally, Deltatre CEO, Andrea Marini, acknowledged the companies former partner, Bruin capital.

“I’m extremely grateful for the support of George Pyne and the team at Bruin Capital,” Marini said.

“They have been a terrific partner over the last six years, and we have achieved great things together.

“I am excited to welcome Bain Capital and Nextalia SGR as our new partners as we enter this exciting chapter in our company history,” he added.

Bain Capital managing director, Luca Bassi, noted following the transaction Deltatre is aiming to “deliver value around revenue model, delivery talent and M&A.”

“We are delighted to be partnering with Andrea and the team at Deltatre,” Bassi added.

Celebrating Italian underpinnings, Nextalia SGR CEO, Francesco Canzonieri, outlined benefits of the Deltatre transaction.

“The investment in Deltatre and its management team represents a clear example of how Nextalia can leverage on its competences and network and help the company in further developing its business in Italy as well as globally,” Canzonieri said.

“We are proud to support an Italian excellence such as Deltatre, a company founded and rooted in Turin capable of affirming its leadership at a global level,” he said.

Deltatre currently has presence in 14 countries and over 1,000 employees distributed globally.