Announced
Synopsis
Silver Lake, a private equity firm, agreed to acquire a 5.7% stake in New Zealand Rugby, a sports team, for $134m. Thanks to the acquisition, Legacy Fund will be established to fund longer term strategic initiatives to ensure the sustainability of all levels of rugby in New Zealand. On May 14, 2021, New Zealand Rugby Players Association opposed the deal and counter-proposed the sale of a 5% stake through an IPO. On December 16, 2021, NZR still hopeful on Silver Lake deal. On February, 2022, the acquired amount dropped from 12.5% to 5.7%. On June 2, 2022, Union vote clears way for private equity investment in New Zealand Rugby.
Show Details & Financials
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.