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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