Sportscape Group (Sportscape), a portfolio company of Bridgepoint Development Capital (BDC) and BD-Capital, has successfully executed a debt refinancing. Houlihan Lokey was the financing advisor to arrange, structure and negotiate the debt raise for Sportscape, which closed on July 23, 2024.
Houlihan Lokey said Sportscape was formed in 2022 through the merger of Sport Pursuit and Private Sports Shop and is “Europe’s leading off-price, members-only sports and outdoor e-commerce specialist.” The company said Sportscape has “over 2,000 sports and outdoor brands, approximately 28 million members, and over one million active customers in 2023, generating most of its revenue in the U.K. and France.”
BDC, the lower mid-cap growth strategy of global private equity group Bridgepoint, operates an investment team in European markets. BDC typically invests up to €150 million in buyouts and growth capital, adding value to portfolio companies by leveraging its resources and expertise across Europe, North America and Asia.
Founded in 2019, BD-Capital is a London-based private equity firm that partners with management teams to build mid-market companies across Europe. It focuses on investment opportunities in the healthcare, services and consumer sectors where technological disruption and changing consumer behaviors create growth potential.
BD-Capital operates with a pan-European approach, with hubs in the UK, Benelux and Iberia. It invests equity amounts ranging from €25 million to €150 million per opportunity.
Image courtesy Sportscape
