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Elite sporting tech group to bolster growth trajectory
DLA Piper has advised Catapult Group International Limited on a $25 million institutional placement to fund its growth strategy.
Emma Musgrave
Firm: DLA Piper (Catapult Group International Limited)
Value: $25 million
Area: Corporate
Key players: DLA Piper partners David Ryan and Joel Cox led the legal team advising Catapult, with assistance from senior associate Kelly Morrison and solicitor Amina Karcic.
Deal significance: Catapult is described as an elite sports technology company.
The company holds 300 staff based across 16 countries worldwide, working with over 1,520 elite teams from 35 different sports globally.
According to a statement from DLA Piper, the net proceeds from Catapult's institutional placement will be used to fund growth strategies for Elite Sales, with a specific focus on growth in the Americas, Europe and Asia, as well as investing in additional software development and a new technology stack.
Funds will also provide additional marketing, distribution and working capital to accelerate growth in unit sales for Prosumer, which targets the keen amateur sports market, the firm added.
“We are pleased to have advised Catapult on this latest transaction,” DLA Piper partner Joel Cox said.
“This is a positive outcome and enables the expansion of market share for both their Elite and Prosumer offerings.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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