FSB Technology Ltd

FSB Technology Ltd
Date: July 2019
Deal: £23m initial growth equity investment, which may be increased to £27m
About the client: FSB Technology offers full end-to-end sports betting and internet gaming solutions which includes data and pricing feeds, a proprietary sports betting software platform, fully managed trading services and more.
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!

Lead: David Shapton


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Chris Young…

Chris is focused on listed closed-ended funds, specialising in both equity and debt capital fundraising. He has over 16 years’ experience in both sales and research. With relationships across many of the large institutional investors in the sector, he has worked across IPOs, secondary fundraisings, placings and sales. He began his career in the City as an investment funds analyst at Credit Lyonnais in 1999, and has subsequently held positions at Lazard Panmure Gordon, Arbuthnot Securities, and most recently as a specialist salesman within the investment funds team at Westhouse Securities. He is focused on private and public real estate and REITs, infrastructure and utilities, emerging markets, private equity and alternatives. Tel: +44 (0) 20 3780 8746 Mob: +44 (0) 7471 141 303 Email: cyoung@akur.co.uk