Benchmark Capital Europe to Make a Significant Investment in Setanta Sports.
PR Newswire Europe, October, 2005
LONDON, October 20 /PRNewswire/ -- Setanta Sports Group, the international sports broadcaster, and Benchmark Capital Europe, the top tier venture capital firm, today announced that they had agreed terms for a significant investment by Benchmark into the company.
The transaction is in the form of a large capital increase in the company, making Benchmark Capital Europe the largest shareholder in Setanta.
The acquisition was led by Benchmark Capital Europe's General Partner Ynon Kreiz, who joins the board of Setanta.
Setanta will use the proceeds of the investment to finance the continued expansion of the Group's interests in the UK, US, Ireland and mainland Europe. Setanta currently operates seven channels in seven countries. These channels...
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