Clairvest Group acquired majority stake in FSB Technology for $28m

Clairvest Group, acquired majority stake in FSB Technology, sports, ​and internet gaming technology supplier for £23m ($28m). Investment in FSB extends Clairvest’s 19-year track record in the gaming industry to the online gaming supplier market with a focus on sports betting. “We are impressed with FSB’s leadership, technology platform and tremendous growth track record to date. Having spent over two years evaluating the sports betting space, we view FSB as a strong leader with a promising opportunity to expand into new regulated sports betting markets. We are excited to back the Company’s co-founders and partner with proven and strongly aligned gaming entrepreneurs,”Michael Wagman, President of Clairvest. “Clairvest’s growth capital investment in FSB is an important milestone for our company. Beyond capital, Clairvest’s deep industry knowledge in the gaming space will be instrumental in supporting our team as we embark on an aggressive growth plan in our existing markets as well as new geographies,” David McDowell, Co-founder and CEO of FSB.