Strides Sells 80% Of Pivot Path To Ascent Capital For £1,000m

Strides announced a deal with Ascent Capital to sell a majority stake in subsidiary Pivot Path, realizing ~£1,000m while retaining ~20%. The transaction values Pivot Path at ~£2,300m post-money and includes £500m primary infusion. Pivot Path reported FY26 revenue of £1,447m and EBITDA £169m.