CVC Capital Partners is raising €2.75bn in long-term debt against its Global Sports Group, a rare move for a private equity firm. The investment-grade financing, arranged by Goldman Sachs, will be marketed to institutional investors with maturities up to 25 years, pricing expected in February.

Elsewhere, Anta Sports Products made an offer for the Pinault family's 29% stake in Puma, though discussions have stalled. Meanwhile, Athvance Capital launched a European platform to build scaled sports assets, founded by former Eurosport and Eleven Sports executives, as private capital targets under-commercialized segments of the industry.

KKR is acquiring Arctos Partners for about $1bn, potentially rising to $1.5bn with performance incentives. Arctos’ team, led by Ian Charles, will stay on and retain carried interest. These moves highlight private equity's growing appetite for sports assets, from operating businesses to secondaries and IP.