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Apax-advised funds buy sports data tech company Genius Sports

Funds advised by global private equity advisory firm Apax Partners agreed to purchase London-based sports data technology company Genius Sports Group for an undisclosed sum.

Founders, management, funds advised by Three Hills Capital Partners and other minority stockholders are selling their stake in the deal, expected to close in the third quarter.

Genius Sports specializes in the capture and distribution of real-time data, with a focus on the high-growth sports data, sports media and regulated sports betting sectors.