The deal forms part of a major leveraged buyout (LBO) aimed at accelerating the company’s development. Stags and MI3 become minority shareholders along with the founder of Scores Media.
SCORES Media will use this new financial support, along with structured debt from banks Societe Generale, BNP Paribas and BPI, to further its products. This includes businesses seeking international expansion of their flagship brands, including Sporty Traders and SCORES among its products.
Founded in 2009, Scores Media is a website and mobile application publisher that focuses on sports fans. It has more than 5 million unique visitors per month, 60 million visitors, and 4 million fans across social networks.
Europe-based Scores Media recently launched a specific version geared towards African and South American markets. In addition, the business acquired a sports news website in the U.K. market last year. 메이저 토토사이트
Core Growth Years of Scores Media
Christian de Cayou, co-founder of Scores Media, welcomed the new financial and strategic support. He said this was a “key step” in the company’s growth plan.
“From the very beginning, we have constantly worked and invested in product development,” de Cayoueux said. “Content enhancement to bring the best sports information to our communities and best meet the ever-changing expectations of sports fans.
“Stags Parts and MI3’s entry into the capital demonstrates the progress and maturity our group has made due to the quality of work all teams have done, supported by leading banks. They will help us in a new key phase of our growth.”
Gregoire de Castelnau, managing partner of Stags, also praised Scores Media for its “sustained growth” in recent years.
“We are confident that the group’s technical and editorial expertise and ability to capture an international audience are key assets that will make Skores Media a major player in the global digital sports information market,” de Castelnow said.
Jerome D’Amelincourt, MI3 Executive Director, said: “We are excited to support our talented team of entrepreneurs who have played an active role in the SCORES Media adventure and followed us from the very beginning.
“The online sports media market is thriving. Scores Media is well prepared to become a market leader.”