Bridgepoint has reached a binding agreement with CVC and Dorna, the sports business, to replace CVC as a shareholder in the company. Dorna has the exclusive rights to promote and manage MotoGP (the Motorcycle Road Racing World Championship). The value of the transaction is undisclosed. William Jackson, Bridgepoint managing partner, said: “Bridgepoint has followed Dorna for some years and is pleased to take over as its principal shareholder at an exciting time in the development of the motorcycle world championships. Dorna has an outstanding management team which has the passion, commitment and ability to continue the successful development of a unique sports business with an unrivalled heritage.” Carmelo Ezpeleta, Dorna CEO, said: “I am delighted to have Bridgepoint as a partner for the next phase in the development of Dorna and I am sure that they will make a significant contribution to the growth of the business.” The FIM (Fédération Internationale de Motocyclisme) has been informed about the transaction. The transaction is subject to approval by the relevant competition authorities. CVC were advised by JPMorgan, and Bridgepoint were advised by 360 Corporate and Société Générale Corporate & Investment Banking.