European digital sports media publisher Skores Media has announced investment holding companies Stags Participations and MI3 and minority shareholders in the business.
The transaction forms part of a primary leveraged buyout (LBO), with the aim of accelerating the company’s development. Stags and MI3 become minority shareholders alongside the founders of Skores Media.
Using this new financial backing, coupled with structured debt from banks Société Générale, BNP Paribas and BPI, Skores Media will work to further develop its offering. This includes pursuing the international expansion of its flagship brands, with the business counting SportyTrader and Skores among its products.
Founded in 2009, Skores Media is a website and mobile application publisher, focused on sports fans. It has over five million monthly unique visitors, 60 million visits per month and four million fans across social networks.
Based in Europe, Skores Media recently launched specific versions tailored for the Af..