Marini: The $600M Grindr buyout used $200M equity, $200M debt, $200M earn-out
Rick Marini · How two straight guys bought Grindr and made $2B · Oct 13, 2025 · at 13:41
Investor Rick Marini breaks down the exact financing structure used to acquire Grindr across equity, debt, and deferred earn-out liabilities.
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“So the deal structure, the 600, there was about 200 of equity that went in. And, you know, some of that was our personal money, but most of it was outside money that we raised. There was two hundred million of debt. So Fortress was our debt provider. And then there was another two hundred million that was due basically an earn out upon the exit, right? So really with Grindr only two hundred million of equity went into the deal.”
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