April 01, 2021
Sightline Payments, a dynamic fintech company that is enabling the next generation of cashless, mobile, and omni-channel payment solutions for the gaming, lottery, sports betting, entertainment, and hospitality ecosystems, has announced US$100 million in strategic growth investment. Led by Cannae Holdings and William P. Foley II, who was recently appointed Chairman of Paysafe, strategic investors in this round of funding for Sightline Payments include Genting Group, Point Break Capital, Searchlight Capital Partners, Shift4 Ventures, and Vectr Ventures.
Latham & Watkins LLP advised Sightline Payments and Searchlight Capital Partners in the transaction with a corporate deal team led by New York partner David Beller, with associates Thomas Engelhardt and Kyle Adams. Advice was also provided on tax matters by New York partner Matthew Dewitz; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum, with associate Kirk Porter; and on gaming regulatory matters by San Diego partner Brett Rosenblatt.