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Announced

Completed

Clearlake Capital led a $700m funding round in Fanatics.

Financials

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Transaction Value£570m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Venture Capital

Acquisition

Private Equity

Minority

Specialty Retailers

sports retailer

United States

Completed

Friendly

Single Bidder

Domestic

Synopsis

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Clearlake Capital, an investment company, led a $700m funding round in Fanatics, a sports platform, with participation from LionTree, Fidelity, Sliver Lake and Softbank. Proceeds from the investment, which comes in the form of common stock, will be set aside for strategic M&A. The goal is to help Fanatics grow across its divisions, including its soon-to-be launched sports-betting and gaming business, and won’t be used to fund its day-to-day operations.

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