Freshfields advises CVC Capital Partners on its partnership with the International Volleyball Federation
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising CVC Capital Partners, one of the world’s leading private equity and investment advisory firms, on its participation with Fédération de Internationale Volleyball (“FIVB”), volleyball's international governing body, in Volleyball World, a new partnership which will drive innovation, growth and investment in volleyball around the globe.
Volleyball is the fourth most popular sport globally, with more than 800 million fans and high participation, across attractive markets, including Italy, Brazil, Japan, Poland, China and the US. Volleyball was the most watched sport at the 2016 Rio Olympic Games, with 2.6 billion viewer hours globally.
Volleyball World will be responsible for the commercial operation of key volleyball and beach volleyball international events, including: the World Championships, Olympic Qualifiers and the Volleyball Nations League. The partnership will focus on event hosting, fan experience, media, data/digital opportunities, and sponsorship to grow commercial revenues for reinvestment, which will ensure the long-term success of the sport.
CVC brings extensive experience to this partnership, with this investment being the latest commitment by CVC Funds to the sports, media and entertainment sectors, having previously invested in MotoGP, Formula 1, Premiership Rugby and Pro14.
The Freshfields team is being led by partners Vincent Bergin, Charles Hayes, David Brooks and Jill Gatehouse, with assistance from Swiss law firm Bär & Karrer.
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About Freshfields Bruckhaus Deringer LLP
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on groundbreaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multinational expertise, and business know-how means our clients rely on us when it matters most.