North American private equity firm Fengate Asset Management has agreed to invest $40m to fund the growth and development of Toronto-listed sports publisher theScore.
Fengate will purchase a $40m convertible unsecured subordinated debenture of the company, due 31 August 2024.
The private placement of the debenture is expected to close later this week and is subject to certain conditions, including approval by the TSX Venture Exchange. The funds will be used to develop theScore’s media and sports [...]
