Catapult to acquire IMPECT for $139m through equity raise
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More news: Wearable sports analytics company Catapult will acquire German soccer scouting analytics platform IMPECT for a total consideration of EUR78 million ($139.6 million).
Catapult also announced a fully underwritten $130 million institutional placement and non-underwritten $20 million share purchase plan to help fund the deal. The fixed offer price for the shares is $6.68 each, a 7.7% discount to the last close price of $7.24 on 10 October.
Eligible Catapult shareholders will be able to subscribe for up to $30,000 of new shares each.
Of the total consideration, EUR40 million will be paid upfront in cash fully funded through the placement.
Deferred consideration of up to EUR38 million over four years and a further EUR10 million on satisfaction of performance hurdles is also payable to IMPECT shareholders.
IMPECT was founded in Germany in 2014 to support player scouting and tactical analysis. The software-as-a-service provider collects and owns the data that is then presented through proprietary ‘packing’ metrics to provide unique match and player insights.
The software generates insights for scouting from almost 150 global soccer leagues and 40,000 matches across 25 countries annually.
Catapult said the acquisition will “unlock significant cross-sell opportunities using advanced analytics and scouting data with existing professional teams” and is expected to be “immediately accretive to Catapult’s actual cash value growth”.
Catapult also reaffirmed its FY26 guidance, which was initially issued at the time of its FY25 earnings release.
What they said: “The combination of IMPECT and Catapult is great news for our customers, and represents significant progress toward our goal of becoming the global platform for professional sports teams,” Catapult CEO and managing director Will Lopes said.
IMPECT co-founder and managing director Stefan Reinartz said: “From the moment our founders heard the vision from Will and the team, it became clear to us that bringing our technology into the Catapult platform represented an opportunity to accelerate our growth, benefit from Catapult’s global scale and industry leadership position, whilst maintaining our steadfast culture of innovation”.
Catapult Sports enters trading halt ahead of acquisition and related equity raise
The news: Wearable sports analytics business Catapults Sports has entered a trading halt ahead of an acquisition and related equity raise announcement.
The context: Catapult will remain in the training halt until the announcement of the acquisition as well as the accompanying underwritten institutional placement and share purchase plan are announced.
If the announcement is not made imminently, then trading is scheduled to resume at the opening of trade on 15 October.
Catapult bought athlete monitoring platform and MIT spinout Perch for USD18 million ($27.5 million) in June.
