Providence Equity Partners Invests in Sweetwater
June 29, 2021
Funds advised by Providence Equity Partners made a growth equity investment in Sweetwater, the Fort Wayne-based e-commerce retailer of musical instruments and audio equipment; financial terms were not disclosed. The investment is intended to accelerate Sweetwater's next phase of growth as the company — which reported roughly $1 billion in annual revenue and serves over 1.5 million customers — scales operations and expands its market reach.
- Buyers
- Providence Equity Partners
- Targets
- Sweetwater
- Industry
- E-Commerce
- Location
- Indiana, United States
- Transaction Type
- Growth capital
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