Livesport Acquires Spanish Tech Pioneer Besoccer
Deal News | Nov 11, 2024 | Iberian Lawyer
EY Abogados has facilitated a prominent transaction in the Spanish tech startup scene by advising Livesport, a Czech media company, on its acquisition of Besoccer, a Spanish tech company. This strategic movement allows Livesport, which owns Flashscore, to bolster its technical capabilities and expand its reach in Spanish and French-speaking markets. The acquisition encompasses the entirety of the Besoccer operation, including its subsidiary Resultados de Fútbol and its data exploitation division, BeSoccer Pro. The founder, Manuel Heredia, will transition from management to become an advisor to the board. Exact financial details remain confidential. EY provided comprehensive legal guidance and due diligence services, with pivotal roles played by EY's Rafael Medina, Raquel Barrientos, Laura Aragoneses, Anil Bharwani Alwani, and Raul Luis Garcia Gonzalez.
Sectors
- Technology
- Media and Entertainment
- Legal Advisory
Geography
- Spain – The transaction involves Besoccer, a Spanish tech company, and impacts the Spanish tech startup ecosystem.
- Czech Republic – Livesport, the acquiring company, is based in the Czech Republic.
Industry
- Technology – This sector is relevant as the acquisition involves Besoccer, a tech company offering digital solutions in the sports information industry.
- Media and Entertainment – The sector is involved because Livesport is a media company, known for its sports information services through Flashscore.
- Legal Advisory – EY Abogados provided legal advice and due diligence services, making this sector relevant.
Financials
- Confidential – The financial details of the Livesport and Besoccer acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Livesport | Bidding Company | Company | Czech media company known for providing live sports scores and statistics through its Flashscore brand. |
| Besoccer | Target Company | Company | Spanish tech company offering sports information, with a strong user base and a popular app. |
| Manuel Heredia | Founder and Majority Shareholder | Person | Founder of Besoccer, transitioning from management to an advisory role post-acquisition. |
| EY Abogados | Legal Advisor | Company | Provided legal advice and conducted due diligence for the Livesport acquisition of Besoccer. |
| Rafael Medina | Partner at EY Abogados | Person | Led the team providing legal advice on the transaction. |
| Raquel Barrientos | Director at EY Abogados | Person | Played a significant role as part of the team handling the transaction. |
| Laura Aragoneses | Manager at EY Abogados | Person | Contributed to the execution of legal services for the acquisition. |
| Anil Bharwani Alwani | Partner at EY Abogados | Person | Involved in the due diligence process. |
| Raul Luis Garcia Gonzalez | Partner at EY Abogados | Person | Participated in the due diligence efforts. |