Spartan Race Inc., the company known for setting up challenging obstacle-racing courses throughout the U.S., is courting private equity firms in an effort to expand in other countries.
So far, Raptor Consumer Partners — the private equity arm of Raptor Capital Management LP — has invested. The Boston PE firm, which specializes in sports and consumer brands, acquired a minority stake in April 2012 for undisclosed terms. Spartan Race founder Joe DeSena (pictured) is looking to build on that momentum and is currently on the circuit, speaking with PE pros at various Association for Corporate Growth events and hoping to gauge interest from other financial sponsors. (See “The M&A Scene” slideshows “ACG NY On Tap” and “8th Annual Northeast ACG Stratton Ski & Snowboard Conference”)