Monaco, May 3rd 2017: Platinium group proudly announces new investment partners France Investissement Croissance 5 fund, managed by Bpifrance, and WINCH Capital 3 fund, managed by Edmond de Rothschild Investment Partners, in a key step for future growth and international development.
Platinium Group has enjoyed strong growth in recent years and has firmly established a position as one of the leading players in its market segment. Having invested heavily in the development of its technology in recent years built on long-term contracts with blue-chip sporting clients such as Formula One Management, the Grands Prix of Abu Dhabi and Monza, the Shanghai Rolex Masters, plus the Madrid Open to name but a few, PG is now well positioned to accelerate its international development.
With the support of their new shareholders and banking partners (CEPAC and LCL), Steve Sasportas (founder and CEO) and Bruno Rodrigues (COO) are skilfully driving the business to consolidate PG’s position within the motorsports industry whilst simultaneously promoting its solutions to other organisers of other sports, entertainment, and cultural related events. The company is therefore actively looking to strengthen its pipeline to continue its international development and to extend its range of products and services. To that end, PG is also set to rapidly expand its IT and business development teams whilst opening a new office in Asia to support business generation with its Asian and Australian customers.
To lead this ambitious development plan and following a competitive process organised by Transaction R, the France Investissement Croissance 5 fund, managed by Bpifrance, and WINCH Capital 3 fund, managed by Edmond de Rothschild Investment Partners, were selected to buy out the private investors which had historically supported and financed the group’s development. Together the two funds became majority shareholders alongside the current management team, who have kept a significant stake in the company.
“We are delighted that two major and highly experienced investors are investing in our group, to support our strong growth in the sporting world and expansion into new segments (notably entertainment) via organic and external international growth. We would also like to thank our historic shareholders, for whom the journey now ends with record group performance in 2016”, said Steve Sasportas and Bruno Rodrigues.
“The management were able to convince us of the pertinence of PG’s positioning in the extensive and rapidly expanding market of online ticketing for sports events. With a strong international presence as an existing supplier to prestigious clients thanks to its proven and innovative solutions, the group has what it takes to gain new events and to make acquisitions, which will enable it to diversify its range and penetrate new markets”, commented Romain Gauvrit and Caroline Lebel, Investment Director and Investment Manager at Bpifrance.
“We are delighted to have been selected by the management to take part in the structuring of the group and to support their development strategy combining strong organic growth, international development and acquisitions”, explained Pierre-Yves Poirier and Thomas Duteil, Partner and Investment Director at Edmond de Rothschild Investment Partners.
About Platinium Group
Platinium Group SAM is one of the fastest-growing e-commerce companies on the market, and a key player in the Digital Ticketing Business. Offering a high-end ticketing technology to some of the best-known sports events in the world, the company also plays a dominant role in the retail ticketing market through its consumer brand Gootickets.com. Through Monte Carlo Travel and GPExperiences, the company also encompass long-time experience in the luxury travel and Formula 1 hospitality business.