|About the transaction:
||Akur acted as lead advisor in securing the growth equity investment in FSB Technology from Clairvest Group Inc. (TSX: CVG), a Toronto-based private equity house.
Clairvest have made an initial investment of £23m, which may be increased to £27m.
Mark Blandford, Chairman of FSB commented:
“We are delighted to have once again concluded an important transaction for FSB with Akur on board as our advisers. From the early stages of identifying and introducing potential partners through to structuring and finalising the deal with Clairvest, Akur have skilfully married the varying requirements of a range of shareholders with those of our management team and the incoming investors. They have played a vital role in bringing this complex transaction together.”
Dave McDowell, CEO, added:
“Akur did a fantastic job helping us get this important investment completed!”