<div class='quotetop'>QUOTE <div class='quotemain'>MotoGP: CVC Sell Shares To Bridgepoint
Dorna Get New 'Partner'
by toby hirst
Thursday, July 20, 2006
Bridgepoint Capital Investments have won the bidding war to take control of the majority share of MotoGP. CVC Capital Partners relinquished its stake in the series after taking over as rights holder for the Formula 1 auto-racing series.
CVC is reported to have paid an estimated $72 million dollars to buy their 71% stake in 1998, but the asking price for their shares -- just seven years later -- is reported to have been in the region of $625 million dollars (500 million Euros).
That is an increase of nine fold in market value in seven years
Dorna Get New 'Partner'
by toby hirst
Thursday, July 20, 2006
Bridgepoint Capital Investments have won the bidding war to take control of the majority share of MotoGP. CVC Capital Partners relinquished its stake in the series after taking over as rights holder for the Formula 1 auto-racing series.
CVC is reported to have paid an estimated $72 million dollars to buy their 71% stake in 1998, but the asking price for their shares -- just seven years later -- is reported to have been in the region of $625 million dollars (500 million Euros).
That is an increase of nine fold in market value in seven years