London-based private equity firm Apax Partners has fully divested its equity stake in Genius Sports. The supplier said funds advised by Apax Partners have completely monetized their interest in the sports data and technology company and are no longer holding any shares.
The Apax funds first acquired a majority interest in Genius Sports in September 2018, taking over from Three Hills Capital Partners.
The firm retained ownership of the company until it went public on the New York Stock Exchange in 2022.
Genius said the Apax funds have supported the company through a period of “transformational growth” over the last six years.
