DLA Piper has advised bValue Growth on its investment in Polish sports e-commerce brand Sportano.
Sportano is an online sports retailer where customers can buy equipment, clothing, footwear, and accessories from over 800 brands. The business is present in 12 European markets and has more than 1 million active customers.
The bVALUE Growth fund invests in companies from Central and Eastern Europe.
According to DLA Piper, the funds will be "utilized to support the dynamic development of the brand, and allow Sportano to exceed the PLN 300 million that it recorded in revenue this year."
The DLA Piper team included Partner Jakub Domalik-Plakwicz, Counsel Anna Chrabota-Bajson, and Junior Associates Zofia Waszczykowska and Michal Bandurski.
DLA Piper did not disclose additional information on the deal.
