JP Morgan Chase has been named as an adviser to private equity firm CVC Capital Partners for its estimated €500m ($628.3m) sale of Dorna Promocion del Deporte, which manages commercial rights for the MotoGP motorcycle world championship.

Private equity peers Advent, Apax Partners, Bridgepoint, Lion Capital, PAI Partners and Permira have been shortlisted after the first round of the auction process, according to industry sources.