CFI advised Sakproject International on its capital raise from Genuinevidence

Lisbon – CFI Portugal is pleased to announce it acted as the exclusive corporate finance advisor to Sakproject on the sale of a minority stake to Genuinevidence through a capital increase.

Genuinevidence is a Portuguese group of private investors.

Sakproject pioneered tailor-made soccer protection gear fitted to the player’s body, using in-store and smartphone 3D scanning technology, and has developed unique customized shin guards.

CFI was hired as Sakproject’s exclusive financial advisor on their expansion project. This capital increase supports Sakproject’s effort to achieve solid sales growth in top European markets, while simultaneously launching the basis to explore the highly attractive North American market. It will also be used to launch the necessary communication, branding and marketing initiatives to support the projected sales growth.

The transaction closed on 31 January 2017.