Investors approach Infront as agency seeks expansion

The Infront Sports & Media agency has been approached by a number of potential investors, according to the Reuters news agency.

Infront is planning to expand, establishing new locations and new services that would require fresh investment, the report said, citing a letter by the agency’s chief executive, Philippe Blatter.

“(Parent company) Bridgepoint and the Infront Management… commenced a process to review different options for the company to find the appropriate support for its next phase of growth,” Blatter said in the letter to the company's clients.

“Encouragingly, a substantial number of organisations have already actively expressed their interest in supporting the company, which makes us consider the overall current market situation as favourable for this review.”

A spokesman added to Reuters: “Nothing has been decided yet. At this stage a strategic review of all possible options to foster future growth is conducted.”

Infront was acquired by Bridgepoint for €550m ($723m) in 2011.