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new owners for pdl united

PDL United has new owners. Padel attracts hundreds of thousands of players just in Sweden and is considered one of the fastest-growing sports in the world right now. However, over the past few years, we've seen an increasing number of operators of paddle tennis halls facing financial difficulties. This is largely due to overestablishment across the country, which has also affected PDL United.

Together with our owners, we have been trying to find a sustainable solution for the operations and companies within the group. It has been a complicated process, involving many stakeholders, and we are pleased to now be able to move forward with a new strong main owner. This provides good and long-term conditions for operating both popular and financially sustainable paddle tennis halls. The potential for growth remains very good; the level of play is high in Sweden, and paddle tennis is rapidly growing throughout Europe and in the USA.

Capital Four has been supporting the company as a lender since 2021 and provided additional financing in May of this year to ensure that PDL United can maintain momentum.

Capital Four's focus is now on supporting PDL United and sees significant long-term potential for the company as well as for the sport as a whole.

At the same time, the financial situation is under pressure for halls in areas with significant overestablishment. Since our reconstruction began in May 2023, we have unfortunately had to close several halls because in many areas there have been too many halls per capita and players. We are now very close to the end of this process and look forward to growing together!