KKR-backed Emerald Media Invests US$80 Million in Global Sports Commerce (Asia)
Posted On: 23 Mar 2018 | Source(s): Emerald Media
Emerald Media, a pan-Asian media and entertainment platform backed by global investment manager KKR, has acquired a significant minority stake in Singapore-based sports technology and management company Global Sports Commerce (GSC) for US$80 million. The investment comprises primary growth capital, as well as the secondary purchase of Asian entertainment-focused growth equity investor FidelisWorld’s stake in GSC affiliate Techfront. GSC plans to use the growth capital to pursue acquisition opportunities, develop new technologies and expand international operations. FidelisWorld originally invested in Techfront in 2014.