Coral Tree Partners makes major investment in DMC Production

Coral Tree Partners, a Los Angeles-based sports, media and entertainment-focused investment firm, has agreed to invest over €50 million in support of DMC Production’s future growth.

Until now, DMC Production, one of the fastest-growing live sports production companies in Europe, has been primarily financed by Stena Adactum and sports and media entrepreneur Jonas Persson. With this investment, Coral Tree Partners will become the majority owner of DMC and Coral Tree founding partner Alan Resnikoff will join DMC’s board. In connection with Coral Tree’s investment, Greg Brown, the former president and CEO of Learfield Sports, will also join DMC’s board. Stena Adactum will retain a minority shareholder position and continue to support DMC as needed.

Specialising in remote broadcast production, DMC optimises sports broadcast operations by leveraging fibre networks and software-based solutions to minimise the need for onsite equipment and personnel, significantly reducing travel, shipping, personnel and environmental costs.

This strategic partnership strengthens DMC’s position in the industry while providing the financial and operational resources needed to drive future expansion and long-term success. The original founders of DMC, Daniel Franck, Johan Hedblom and Jonas Persson, will remain shareholders in the company.

Commenting on the transaction, Resnikoff said: “We could not be more excited to partner with Paul, Jonas and team to build out the next generation of sports production. With the rising cost of sports rights, and streaming platforms seeking turnkey solutions, we believe DMC’s dynamic, cost and environmentally friendly approach will continue to resonate with the market.”

DMC CEO Paul Heitmann commented: “We are excited to bring Coral Tree on as a new partner in DMC’s growth. Their experience in US and international sports markets combined with the strong cultural connection between our organisations make them the perfect partner for us.”