The financial position of Sport Finance is being strengthened by a subscription of stock warrants and convertible bonds carried out by an investment fund, Avenir Entreprises, that belongs to CDC Entreprises and Oseo. The conditions of the refinancing package have not been disclosed. Sport Finance is the successful licensee of Kappa in France, Belgium, Switzerland, Spain and Portugal. It also markets the Insight line of surfwear from Australia. It is budgeting sales of €70 million for this year. The company was founded in 2004 by a former shoe industry executive, François-Xavier Chupin. The new investors join his original financial partners, BNP Paribas and Sodero.