TS Capital Partners acquire 75% stake in Spanish side Recreativo de Huelva
April 1 – TS Capital Partners, a private equity and venture capital firm, has acquired a 75% stake in Spanish third division side Recreativo de Huelva – with the group set to become the largest shareholder in the entity.
Spanish business publication 2Playbook reports that the group will take over the shares of Gildoy Espana – which were expropriated by the Huelva City Council in 2016. The City Council, however, does retain a minority stake (23%) in the club and it remains unclear who is behind TS Capital Partners.
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