Announced
Completed
Financials
Sources
Tags
Private
Venture Capital
Acquisition
Private Equity
Minority
Specialty Retailers
sports retailer
United States
Completed
Friendly
Single Bidder
Domestic
Synopsis
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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