"Equity backers" refers to individuals or institutions that provide financial support, usually in the form of investments, to a company in exchange for a share or ownership interest in that company. Full definition
But the firm's management and private equity backers — which still own 70 % of the company — have convinced investors that online gambling is the way of the future. (fortune.com)
The debate is over: give the kid and the private - equity backers everything they want. (canadianbusiness.com)
It was initially seeking a deal with a new private equity backer who could take a 51 per cent stake in Accolade and help drive its Chinese growth strategy. (afr.com)