DGAP-News: SPORTTOTAL AG: SPORTTOTAL: Financing of international expansion of sporttotal.tv secured via external capital fund
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10.01.2019 (www.4investors.de - in Kooperation mit DGAP - EQS Group):
DGAP-News: SPORTTOTAL AG / Key word(s): Financing/Expansion
SPORTTOTAL AG: SPORTTOTAL: Financing of international expansion of sporttotal.tv secured via external capital fund
10.01.2019 / 14:38
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SPORTTOTAL AG: Financing of international expansion of sporttotal.tv secured via external capital fund - Accelerated growth without dilution of shareholdings
- Up to EUR 250 million external capital in several tranches envisaged
- Partnerships forged with established players such as the Fuchs & Associés Group
- Lauterbach: "We are now in a position to conquer attractive markets at a much faster pace."
Cologne, January 10, 2019. In future, SPORTTOTAL AG will be financing the national and international growth of the company's scalable digital business mainly by way of external capital: by taking these measures, the company is aiming to considerably accelerate its international development, while at the same time avoiding the dilution of shares currently held by SPORTTOTAL AG shareholders. To this end, a dedicated investment fund in the form of a "Reserved Alternative Investment Fund" (RAIF) will be established in Luxemburg. The Luxemburg based Fuchs & Associés Group will set up this RAIF and will bundle the capital contributed by Family Offices and high net worth individuals in several tranches, in order to provide SPORTTOTAL with these means in a targeted manner. Currently, the long term financing volume for the entire international expansion in various tranches is envisaged at up to EUR 250 million.
Disbursment of initial sub-fund already in February 2019
The initial sub-fund will be active in the near future, and already disbursed to sporttotal.tv GmbH in February 2019, with the aim of financing the Berlin Development Lab and the further expansion in Germany with additional means to the tune of a single-digit lower million euro range sum. In this context, a number of preliminary contracts have already been concluded. The initial RAIF sub-fund duration is seven years, while the annual interest rate stands at EURIBOR +8%. Subsequent to this period, the loans are to be repaid by sporttotal.tv from the generated cash flows. Driving the expansion in various international target markets, additional RAIF tranches are to be set incrementally and in a requirement-oriented manner. In future, the global growth of sporttotal.tv will be advanced by this new financing instrument, as well as by partnerships with various internation players, such as Fuchs & Associés Finance S.A., Luxemburg. The international business of sporttotal.tv will be managed by a separate company based in Luxemburg: SPORTTOTAL.tv International S.a.r.L., Luxemburg. The company will be founded as a joint venture of SPORTTOTAL AG, holding 51 percent, together with further partners, including the Fuchs & Associés Group, Luxemburg.Jean Fuchs: Vibrant investor interest in sporttotal.tv
Jean Fuchs, proprietor of Fuchs & Associés Finance S.A. and until recently Chairman of the ALPP (Luxembourg Association of Asset Managers) stated the following: "The sports, lifestyle, entertainment and media growth market is very attractive for investors. And sporttotal.tv offers unique opportunities in precsisely this market, which is why we have established a special capital fund that is geared to ensuring the rapid international growth of sporttotal.tv worldwide - ensuring attractive conditions for the company and its investors. Investor interest in sporttotal.tv is exceptionally strong. As SPORTTOTAL CEO Peter Lauterbach commented: "This is the breakthrough on the financing side: we are now in a position to rapidly conquer any market that is attractive for us." The Berlin Development Lab has established the proprietary sporttotal.tv plattform forming the foundation for the international scaling of the business model. Lauterbach went on to outline: "We have finally found a way to finance the international growth of sporttotal.tv without capital increases. Basically, given our current scenario, we only envisage minor capital increases for the future growth financing our of company."
About SPORTTOTAL AG:
SPORTTOTAL AG (ISIN: DE000A1EMG56), headquartered in Cologne, is a technology and media company on a growth path in the rapidly scalable digital business with video platforms and communities (DIGITAL), in the high-margin national and international project business (VENUES), as well as in the live events business (LIVE). The company, which was founded in 1979, operates a high-traffic portal with strong growth for online sport videos and live streaming. The company equips amateur football clubs with special video technology which enables sports events to be transmitted live in a high quality and fully automatically using the new "sporttotal.tv" platform. SPORTTOTAL AG's service portfolio also comprises the technical equipping of racing circuits and sports facilities, as well as the production and marketing of sports events such as the ADAC TOTAL 24-Hour Race at the Nürburgring. In addition, SPORTTOTAL AG also produces content for prestigious companies such Porsche, Audi, Mercedes/AMG, Red Bull and VW and organises high-calibre live events such as the Porsche Experience.
More information: www.sporttotal.com
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