Bridgepoint Development Capital and bd-capital merge Private Sport Shop and SportPursuit
Bridgepoint Development Capital and bd-capital have announced the merger of their respective portfolio companies, SportPursuit and Private Sport Shop.
Called Sportscape Group.ced, the new entity has created a business with more than €200 million sales across 13 countries including the UK, France and Germany.
Sportscape Group will be led by Sébastien Rohart, the current chief executive of of flash sales business Private Sport Shop. In addition, Adam Pikett, chief executive and co-founder of SportPursuit, will take up the role of chief vision officer for the group.
Meanwhile, Luke Pikett and Yannick Leouffre will continue in their current roles as managing director of SportPursuit and Private Sport Shop respectively.
Following the merger, Private Sport Shop and SportPursuit will continue to operate as consumer-facing brands in their home markets and will share expertise in data analytics, custom algorithms and machine learning.
Rohart said: “The combination creates a European leader with a unique proposition to our customers and brand partners alike.
“In particular, the combination of Private Sport Shop’s huge sport coverage and social media presence with Sport Pursuit’s technology and data expertise creates significant additional growth opportunities, over and above what we could have created individually.
“We are very pleased to open this exciting chapter with the full backing of our shareholder Bridgepoint Development Capital who have been our highly supportive partner from the very beginning.”