Technology Frontiers has raised growth capital from FW Sports Investment Fund
Lincoln International (“Lincoln”), a leading global mid-market investment bank, announced a successful fundraising for Technology Frontiers (India) Private Limited (“Techfront”) from FW Sports Investment Fund LP (“FSIF”), Asia’s first sports dedicated investment fund. Additionally, the transaction involved partial sale of shares of Techfront held by investors to FSIF.
M.S. Muralidharan (Murali), Managing Director of Techfront, commented, “Techfront is the only player globally to have integrated technology solutions catering to multiple sports. This financial-strategic alliance with FSIF will strengthen our competence in the global marketplace and aim at larger inorganic growth across regions. Lincoln acted as our trusted advisor and helped us throughout the capital-raise process. Lincoln’s understanding of our business model and ability to effectively communicate our unique story to the right potential investors resulted in a great partner for our company in FSIF.”
Anand Krishnan, Chairman of FSIF, commented, “Over a short period of time, Techfront has built a strong clientele in the global sporting industry with its customized products and services. We strongly believe that the company is uniquely positioned to satisfy the technology demand of the sports industry. We are excited to be a part of this story and look forward to working with the Techfront team.”
Gaurav Marathe, Director at Lincoln International, commented, “It was a pleasure to work closely with a very competent and highly driven management team of Techfront. Murali has indeed created a remarkable global business, which is gaining dominance with time, in all geographies and across sports and entertainment. We are glad to be able to leverage our knowledge and resources to help Techfront in this process. We believe that FSIF will be a great partner for Techfront, which brings with it global knowledge, practices and synergies to support growth at all fronts and drive shareholders value.”
Lincoln acted as exclusive financial advisor to the company, helping to structure, arrange and negotiate the financing.
About Technology Frontiers (India) Pvt. Ltd
Techfront is a leading global in-stadia arena management company providing sponsorship-led activation solutions to the sports, media and entertainment industry. The company provides highly engineered electronic video screens, sponsorship management services and proprietary software for scoring and for increasing in-venue fan engagement. Techfront also provides analytical services to sponsors to help them track sponsorship value. The company provides these services at notable events in the sports, media and entertainment domains in all the major geographies across the globe. With presence through its centers at Sydney, Shenzhen, Chennai, Dubai, Hungary, Germany, London, Johannesburg and New York, it covers the global landscape.
To learn more about Techfront visit www.techfront.in.
About FW Sports Investment Fund
FSIF, a first-of-its-kind private equity fund in the sports and sports ancillary sector, targets investments in South Asia, Southeast Asia and the Middle East. The Fund provides growth capital, management support, strategic guidance and synergy opportunities to businesses that provide goods and services to the global sports and sports ancillary industry. FSIF adopts an impact investment philosophy: investment in and promotion of sports results in higher, risk-adjusted returns, as well as positive externalities for society such as better health, increased opportunities for advancement, enhanced infrastructure and improved sports outcomes. The fund is managed by seasoned, senior-level operating executives who partner with managers and owners of companies to operationally improve businesses and create long-term value.
To learn more about FSIF visit www.fidelisworld.com.
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