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  6. Verlinvest Invests In K1 Speed

Investment Summary

Verlinvest Invests In K1 Speed

On February 19, 2024, family office Verlinvest invested in gaming company K1 Speed

Investment Highlights
  • This is Verlinvest’s 2nd transaction in the Gaming sector.
  • This is Verlinvest’s 11th transaction in the United States.
  • This is Verlinvest’s 6th transaction in California.

Investment Summary
Date 2024-02-19
Target K1 Speed
Sector Gaming
Investor(s) Verlinvest
Deal Type Growth Capital

Target

K1 Speed

Irvine, California, United States
K1 Speed is an operator of indoor go-kart racing tracks, with eight locations in Southern California, Seattle, Phoenix and Ft. Lauderdale. K1 offers electric kart racing which caters to novices, auto racing enthusiasts, racing professionals and corporate events. K1 Speed was founded in 2003 and is based in Irvine, California.

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Investor(S) 1

Investor

Verlinvest

Brussels, Belgium

Investor Investor Investor Investor

Category Family Office
Founded 1995
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verlinvestis a private, family-owned investment holding firm specializing in branded consumer products and services investments. The Firm will consider investments in public and private companies and generally targets growth-oriented businesses addressing sizeable markets. Verlinvest looks to invest €20 to €200 million per investment and will consider both majority and minority positions. Verlinvest was formed in 1995 and is based in Brussels, Belgium.

DEAL STATS #
Overall 49 of 51
Sector (Gaming) 2 of 2
Type (Growth Capital) 22 of 22
State (California) 6 of 6
Country (United States) 11 of 12
Year (2024) 2 of 4
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Cible Skin is a luxury cosmetics brand that uses the patented science of cell immunity and rejuvenation to produce the most potent results for customers around the world. Cible Skin was founded in 2015 and is based in Paris, France.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
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Insomnia Cookies is a cookie delivery company specializing in brownies, cookie cakes, ice cream, and even cold milk. Insomnia Cookies was founded in 2003 and is based in Philadelphia, Pennsylvania.

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Mergr

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