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FSB secures £23m investment to pursue growth opportunities

30th July 2019 8:22 am GMT

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 [...]

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