KKR co-founders Henry Kravis and George Roberts are backing Pitchwise's acquisition of shares in Valencia CF, with plans to ultimately acquire a 42% stake. The €100m investment will be used for direct investment into the club, available immediately on completion. Meriton Holdings remains Valencia CF's majority shareholder, while Kiat Lim, president of Valencia CF, joins a new ownership group alongside Ann Rodriguez and Corey Woolfolk, Pitchwise's general partners.
Pitchwise, backed by Penner Sports Group (owners of the Denver Broncos and Colorado Rockies), aims to bring clear investment strategy and focus to the club. The consortium of private family offices and long-term institutional investors plans to support Valencia CF's goal of modernizing as a club with men's and women's teams competing consistently in Europe, a world-class academy, and the new Nou Mestalla stadium project. Lim chose Pitchwise over other suitors, citing their partnership approach.
The investment is subject to customary closing conditions including regulatory approvals.
Source: PE Insights · Summarized by HeadlinesBriefing