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Earlier in July 2016, private equity giants KKR, Silver Lake and MSD Capital were part of a group that bought the US fighting promotion group UFC in a multi-billion dollar deal. The sport, once dubbed 'human cockfighting', has gained in popularity and made household names of its biggest competitors, including Irish fighter Conor McGregor (pictured abover). A host of the world's big banks advised on the deal, including JP Morgan and Goldman Sachs. (Getty Images)

From ultimate fighting cages to football teams in the shadows of the Himalayas, private equity money goes a long way in sport

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In Pictures: Private equity-backed sports stars

Bernard Goyder

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