New York, NY (PRWEB) June 24, 2011
LIPMAN Brand Investments, the investment arm of LIPMAN, today announced a growth-equity investment in ProCamps, Inc. (“ProCamps”). ProCamps is the leading sports event management company for professional athletes in the U.S., with an enviable 13-year track record of conducting high quality camps for 7-24 year olds in partnership with the country’s most elite athletes. ProCamps’ roster of athlete partners includes Adrian Peterson, Wes Welker, Jason Taylor, Ben Roethlisberger, Reggie Bush, Carmelo Anthony, Dwight Howard, Kevin Durant and Dwyane Wade. The company also works with many other National Football League, National Basketball Association, Major League Baseball and Women’s Professional Soccer athletes. The funding will be used to accelerate ProCamps’ national and international expansion, hire additional staff, provide marketing support and focus resources on new athlete and sponsor acquisition.
“ProCamps has developed a proven and scalable service model that provides a unique growth platform in a large, fragmented industry. The Company’s unmatched network of professional athletes offers a meaningful value proposition to consumers and provides a barrier to entry for competition,” said John Burns, managing general partner of LIPMAN Brand Investments.
“We are especially pleased to be partnering with the Company’s existing experienced team, led by Gregg Darbyshire who I have now known for a number of years. Gregg is a passionate and committed founder, who has built this company over the last decade brick by brick, and has an exceptional reputation in the professional athlete community,” noted Andy Spellman, general partner of LIPMAN Brand Investments and CEO of LIPMAN.
“LIPMAN is the perfect partner for us at this stage of our growth,” said Gregg Darbyshire, founder and CEO of ProCamps. “LIPMAN’s expertise in branding, sponsorship and celebrity activation and digital marketing is unrivaled in the industry and will be instrumental as we continue to grow our company.”
ProCamps has developed a reputation as the partner of choice for top-tier athletes conducting sports camps. Wes Welker, the Pro Bowl wide receiver for the New England Patriots stated “Having been a ProCamps partner for four years, I have been able to see first hand the extraordinary model ProCamps has developed. The Wes Welker Foundation has greatly benefited from the success, and I have enjoyed meeting and teaching hundreds of children the tangibles and intangibles needed to persevere and make their dreams come true. I am now thrilled to be part of the investment team partnering with Andy, John and Gregg among others, backing the management team and leveraging the wonderful talent and resources that surround the Company.”
“Over the course of my five-year relationship with ProCamps, we have been able to provide more than 1,000 underserved young people a unique on-field learning experience while also developing critical funding to further the mission of the Jason Taylor Foundation. This has been made possible due to the expertise and professionalism that Gregg Darbyshire and his ProCamps team bring to the table,” said Jason Taylor, a six-time NFL Pro Bowl performer. “I have been participating in or supporting youth camps since my own childhood, and so I know firsthand that the ProCamps model is second to none. It is exciting to join forces with Andy, John, and the entire LIPMAN team to assist in the continued growth of the market leader in the sports camp category.”
ProCamps has numerous catalytic growth opportunities that will be pursued with LIPMAN. There exist strong synergies in merging ProCamps’ athlete relationships with LIPMAN’s clients and network of celebrities. This transaction represents the first investment by LIPMAN Brand Investments under the firm’s new strategy to provide emerging consumer businesses with growth capital, strategic advice and relationships, branding, advertising and marketing services under one roof.
ProCamps, Inc. is an international event management company, which assists professional athletes in the National Basketball Association, National Football League, Major League Baseball, and Women’s Professional Soccer with the development of their personal sports camps and related events. Since 1998, more than 50 of the world’s most recognizable professional athletes have trusted ProCamps with the operations of their camps. Current and former ProCamps clients include, NBA All Stars, Team USA Basketball members, NBA World Champions, Pro Football Hall of Fame members, NFL Pro Bowlers, NFL Super Bowl Winners, MLB All-Stars, Olympic Gold Medal Winners, and MLB MVPs. Thanks to the support of several camp-specific and national partners, ProCamps hosts thousands of youth at camps each year. For more information, please visit http://www.procamps.com.
About LIPMAN Brand Investments
LIPMAN Brand Investments is the investment arm of LIPMAN. The Firm leverages the investing and operating knowledge of its partners with the dedicated resources of the LIPMAN agency team, to invest in highly innovative and progressive companies where LIPMAN’s iconic branding and marketing expertise can catalyze the growth of partner companies. Sectors of focus include food & beverage, personal care, consumer health, sports & entertainment, apparel, mainstream luxury, internet-related brands and technologies, and a variety of other consumer facing products and services. For more information, please visit http://www.lipmanbrandinvestments.com.
LIPMAN is in the business of building iconic brands. Founded in 1927, and lead by David Lipman, its visionary Chairman and Chief Creative Officer, the company has quietly built an impeccable and enviable reputation of excellence in branding, holistic marketing and creative work on iconic brands, such as Burberry, Lord & Taylor, smartwater, LOFT, Diane Von Furstenberg, David Yurman, Town & Country, Bacara Resorts, Talisker Resorts, The Limited, Georg Jensen, Hudson Jeans, Evolution Juice, Mercedes Benz, DeBeers, Oscar de La Renta, St. John, Tumi, Ermenegildo Zegna, Godiva and Equinox. Additionally, the company has a celebrity branding division that includes Jennifer Aniston, Justin Timberlake, Andre Benjamin (Andre 3000) and the pro golfer, Michelle Wie. For more information, please visit http://www.lipman-nyc.com.