Spectrum Equity buys majority of AllTrails

Spectrum Equity said Oct. 11 that it has acquired a majority of AllTrails. Financial terms weren’t announced. AllTrails, of San Francisco, provides a digital guide to the outdoors. AllTrails was advised by Stubbs Alderton & Markiles while GP Bullhound served as financial adviser. Spectrum Equity was advised by Latham & Watkins.

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