Clairvest Makes £23M Growth Equity Majority Investment in FSB Technology

July 29, 2019

Clairvest Group Inc., through its Clairvest Equity Partners V fund, made a £23 million growth equity majority investment in FSB Technology (UK) Ltd., a London-based B2B sports betting and iGaming SaaS provider. The capital will support FSB’s aggressive growth plan and expansion into new regulated sports betting markets, with the investment potentially increasing by up to £4 million subject to certain conditions.

Buyers
Clairvest Group Inc., Clairvest Equity Partners V (CEP V)
Targets
FSB Technology (UK) Ltd.
Industry
Cloud & SaaS
Location
England, United Kingdom
Transaction Type
Growth capital

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