CVC Partners Capital Divests Majority Stake in Gujarat Titans to Torrent Group

Cvc Partners Capital has announced the sale of its 67% majority stake in the Gujarat Titans, a prominent franchise in the Indian Premier League (IPL), to Torrent Group. This significant transaction marks a pivotal shift in ownership for the Gujarat Titans and highlights CVC Partners Capital’s successful investment in the high-profile cricket league.

Siddharth Patel, Managing Partner at CVC Partners Capital, expressed enthusiasm about the deal, stating, “We are excited to announce this deal, which marks the beginning of a new chapter in India’s most popular sporting event and our team Gujarat Titans. Our participation in Indian Cricket started strongly, securing the Gujarat franchise, winning the IPL title in our first season and emerging as runners up in our second season.” Patel’s comments underscore the successful entry and impressive performance of Gujarat Titans under CVC Partners Capital’s majority ownership.

Amit Soni, Partner at CVC Partners Capital, further elaborated on the partnership with Torrent Group: “We are delighted to be able to partner with Torrent, one of the most respected business groups in India. We are now very pleased to welcome the Torrent Group and look forward to unlocking new avenues for growth and development for Gujarat Titans and for the IPL in the years to come.” This partnership is expected to bring fresh perspectives and resources to the Gujarat Titans, enhancing its position in the IPL.

Nick Clarry, Managing Partner at CVC Partners Capital, reflected on CVC’s broader investment strategy in sports: “CVC has a long history of investment in sports since our investments in Moto GP and Formula One, and we are extremely proud of how this investment in Gujarat Titans has developed.” He also acknowledged the contributions of fans, management, players, and the BCCI in the franchise’s success. “Because of them, Gujarat Titans has become a leading franchise on and off the pitch, and together with the support of our wonderful fans, we expect this to accelerate with our new partners, Torrent,” Clarry added.

The sale is currently pending customary closing conditions and approvals, including necessary clearances from the BCCI. This divestment represents a strategic move for CVC Partners Capital, allowing them to realize significant value from their successful investment in the Gujarat Titans while paving the way for Torrent Group to steer the franchise into its next phase of growth within the dynamic landscape of the IPL.

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