|FSB Technology Ltd
|£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:
Dave McDowell, CEO, added: