The potential acquisition of TeamSport, a pan-European go-karting circuit operator, has attracted significant interest from various buyout firms. According to sources, EMK Capital, a London-based private equity firm, has emerged as the leading contender for the purchase of the business.
It is reported that the price for the acquisition is expected to be around £150m. Other noteworthy firms that have shown interest in TeamSport include Livingbridge and 3i Group. The current owner of the go-karting group is Duke Street, a well-known UK-based buyout firm and former owner of Wagamama.
TeamSport currently operates from 35 locations in the UK, three in Germany, and two in the Netherlands. The company operates within the activities and attractions market, which has an estimated worth of £73bn across the three countries. Prospective buyers are drawn to the potential for growth, with the possibility of expanding the business to 200 sites within its existing markets.
The auction for the acquisition is being managed by Harris Williams, an investment bank. When reached for comment, EMK Capital did not respond while Duke Street declined to provide a statement.
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