Industry Archives: Recreation

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Extreme Sports Family Entertainment Centers in the US

The Company is developing seven universally and strategically placed 160,000 square foot family entertainment centers. It is targeting major tourist cities with a large local consumer base. The first location would be in Orlando.

The Company’s family entertainment centers are sports venues and arenas, similar to well-known venues such as Wembley, Chicago Stadium or Madison Square Garden. The parks would be company owned and operate and own the concessions as well, and own the media content and any broadcast rights. The Company believes that it is the only company of its kind presenting family entertainment in this segment of the family entertainment space.

The Company is working in the $220 billion extreme sports and family entertainment industry. Extreme sports, a largely untapped market, has 185 million participants worldwide. With 13 million skaters in the US alone, skating is now more popular with kids and young adults than the national pastime, baseball.

The first location in Orlando projects 471,900 visitors during the first 18 months of operation. Patrons are anticipated to spend on average $80 to skate, BMX, buy clothes, eat at a restaurant or cafe, have a drink in the lounge overlooking the park, go to our Athena Learning Center and branded Media Lab, and to stay in the themed hotel.

The Centers will offer scholarships to local kids for after school programs and work with the school systems to offer extra curricular activities.

A few main points:
a. 13 million kids skateboard versus 12 million kids that play baseball in the US.
b. Over 150 million kids worldwide are involved in action sports which includes skate and BMX (bike).
c. This market is a $220 billion worldwide lifestyle industry. It is a lifestyle segment that includes apparel (skateboards/bikes and clothing), media, technology and education.
d. There is no real home, “mecca” or family destination for this segment.
e. BMX became an Olympic sport in 2012, and skateboarding will be in 2016 following snowboarding in 2018.
f. Orlando is the largest tourist destination in the US – 60 million visitors annually.
g. Projections show $10 million ++ in first year sales (without events and concerts) scaling to $32 million.
h. There are opportunities in sports media, sponsorship and branding. The Company plans to retain all rights to it content and offer the major and local broadcasters an opportunity to broadcast events.
i. The center will have 160,000 square feet of indoor outdoor space in Orlando.
j. There are plans to expand to the Meadowlands (LOI), the Mall of America, and LasVegas. Each location sees 40 million tourists a year.
k. The Centers would be an attraction for the extreme enthusiasts, families, local community alike.
l. BMX became an Olympic sport in 2012, and skateboarding will be in the 2016 games, similar to snowboarding in 2008.

Deal Contact:
Radbourne Property Group
John Van Clief
[email protected]
+1 212 918 0640

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Equity Opportunity in an Indian Branded International Fitness Chain

The Company is the country partner of a U.S based fitness chain with 60 stores operational in India. The Indian business is valued at 100 Crore. Operations started in 2011 and the Company has build a solid presence in India through the franchising route. The Company is looking at a investment of 45 to 50 crore Indian Rupees to launch 30+ company owned stores across India for a stake of 25%.

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Infinity Levels Raises $500,000 To Develop Supercell-Inspired Games In Southeast Asia

TechCrunch

Bangkok-based gaming startup Infinity Levels has landed $500,000 in funding to help it follow the model of success popularized by Supercell’s business and its blockbuster smash title Clash Of Clans.

Infinity Levels actually pivoted from an original focus on dating apps to games last year. Having taken an early seed funding round from Thai e-book startup Ookbee and Singles Solution (Infinity Levels CEO and co-founder Nikki Assavathorn’s other business), it has now pulled in this new round from InVent, a VC firm with links to Thai operator AIS.

That pivot is quite the transformation. Assavathorn told TechCrunch in an interview that its Avalable dating app remains in service, but the 10-person team has switched focus to gaming because of a perception that the grounds are more fertile, particular for freemium-based games.
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Finnish Game Studio PlayRaven Raises $4.1M To Bring Strategy Games To Touchscreens

TechCrunch

Norwegian VC Northzone seems to have a penchant for investing in mobile gaming companies right now. After leading Space Ape Games’ recent $7 million Series C round, the venture capital firm has invested in Finnish game studio PlayRaven — part of a newly announced $4.1 million fund raise by the Helsinki-based startup.

Described as an ‘extended seed round’, previous backers Creandum, London Venture Partners, and Jari Ovaskainen also participated, bringing total raised by PlayRaven since being founded in 2013 to $7.5 million.

Noteworthy is that Ovaskainen and London Venture Partners were both early investors in Supercell, a rather successful mobile and tablet games developer you may heard of that also hails from Finland.
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Banking and Finance

Australia’s Patinack Farm thoroughbred racing and breeding operation sold

Sydney Morning Herald
Nathan Tinkler may have received as little as $100 million for his thoroughbred racing and breeding operation, Patinack Farm, after sinking $500 million into the operation since its inception in 2007. Tinkler has reached an agreement to sell Patinack for an undisclosed sum to a consortium of ‘‘overseas parties from the Middle East.’’

A statement from his group said the sale, which will be on a “walk in, walk out” basis, was negotiated by UAE based investment firm Cibola Capital. As well as negotiating the sale, Cibola has taken a stake in Patinak and is the only new owner who has been identified. ‘Sale contracts have been exchanged and the transaction will be completed in the coming weeks,” the Tinkler Group said.

“I am extremely pleased to agree the sale of Patinack Farm to an ambitious group who will continue to build on the foundations we have laid over the last six years,” said Mr Tinkler in a prepared statement.

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Banking and Finance

Chris Boardman sells cycle business to Halfords for £20m

Telegraph
Bikes and car parts firm Halfords buys Boardman Bikes in deal to expand the brand. Tour de France racing cyclist Chris Boardman and his business partners have received a pay day of around £20m from Halfords for the sale of the bicycle brand he created.

Mr Boardman, who shot to fame winning a gold medal in the 1992 Olympics and stages in the Tour de France, will remain with the performance bike brand that he founded as its chairman and design director.

Halfords, the bicycle and car parts retailer, already stocks Boardman bicycles. It is acquiring Boardman Bikes Ltd and Boardman International Ltd.
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Berlin-Based Games Performance Marketing Platform Crobo Acquires Hamburg’s TrafficCaptain

TechCrunch April 1, 2014
In a move that sees some local consolidation in the games marketing space, Crobo, the Berlin-based games performance marketing platform, is hoovering up its Hamburg neighbour TrafficCaptain, which runs a games performance — or affiliate — network. The acquisition price remains undisclosed, so this is unlikely to be a home run for TrafficCaptain’s hands-on backer/co-founder iVentureCapital, which focuses on investing and incubating startups in the games industry.

The acquisition sees Crobo grow its team to over 50 employees, as well as giving it an all-important footprint in Hamburg where there are a lot of online and mobile gaming companies and with whom TrafficCaptain already has relationships with. In addition, the company has decent international reach; Crobo is talking up Latin America and Asia as two markets where the acquisition of TrafficCaptain will help it reach new users for both mobile and browser-based free-to-play games.
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UK Gym Network PayasUgym Raises Further £1.6M

TechCrunch March 25, 2014
The UK’s PayasUgym, a startup that lets users search for and buy a discounted pass to a local gym, has raised a further round of funding: £1.6 million led by Albion Ventures and MMC Ventures, with participation by existing investors. Money it will use for marketing and to launch new products and services, including adding fitness class comparisons and bookings in the UK. This brings the total raised by the 2011 founded company to £3.5 million.

Aimed at customers who are looking to return to the gym — in the UK alone there are 12 million ex-gym members, apparently — as well as first-time gym goers and those who are away from their main gym membership, PayasUgym makes it easy to shop around and purchase gym access on a pay-as-you-go basis. Short term memberships span one day, one month to three months, and are offered at a discount compared to the price you would normally pay at the door. Users simply register with the site and then buy credit, which they top up akin to a prepaid mobile phone. Gyms and health clubs can be searched by locality, and passes are sent to a user by email or by phone via SMS.
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Soccer-U.S. investor KKR buys 10 percent share in Hertha

BERLIN, Jan 31 (Reuters) – American buyout group KKR has agreed to take a 10 percent stake in Hertha Berlin in a deal worth about 60 million euros that will boost the capital club’s finances and brand in the Bundesliga Continue Reading →

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Online Media

Global game developer Nival raises $6 million from Russia’s Almaz Capital

East-West Digital News
Nival, a global developer of cross-platform strategy games, announced today that it has secured $6 million from the Russian fund Almaz Capital to fuel its global expansion strategy. Continue Reading →

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