Toronto-based private equity firm Clairvest Group has invested £23m to acquire a stake in sports betting technology provider FSB Technology.
Together with Clairvest Equity Partners V (CEP V), Clairvest has made a growth equity majority investment of £23m in FSB, which can be increased by up to £4m subject to certain conditions.
The investment will be used by the supplier to pursue growth opportunities to expand its sports betting and iGaming services in regulated markets.
“We are impressed [...]
