SIGNA Sports United Acquires Majority Stake in Midwest Sports
February 11, 2021
Berlin-based SIGNA Sports United has acquired a majority stake in Midwest Sports, a Cincinnati-based online tennis retailer, marking SIGNA's first substantial U.S. operation and expanding its Tennis-Point platform into the U.S. market. Midwest Sports—one of the top three U.S. online tennis retailers with ~100 employees and strong traffic—will support Tennis-Point's strategy to replicate its European tennis e-commerce platform in the United States.
- Buyers
- SIGNA Sports United
- Targets
- Midwest Sports
- Industry
- E-Commerce
- Location
- Ohio, United States
- Transaction Type
- Buyout
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