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New Deal


Announced

A consortium of investors to acquire a 40% stake in OneTeam Partners from RedBird Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For40%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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fantasy sports

Private

Domestic

sports

Pending

Recreational Services

Acquisition

Minority

United States

Friendly

Private Equity

Synopsis

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A consortium of investors including HPS Investment Partners, Atlantic Park Strategic Capital Fund and Morgan Stanley Tactical Value, agreed to acquire a 40% stake in OneTeam Partners, a sports commercialization firm, from RedBird Capital, a private equity firm. Financial terms were not disclosed. “We are excited to partner with OneTeam to help drive continued growth in one of the most innovative and efficient licensing and marketing platforms in professional and college sports. The strong alignment among HPS, OneTeam and the Players Associations in our collective goal of maximizing the value of athletes’ rights through this platform, provides a strong foundation for a successful long-term partnership," Scot French, HPS Managing Director.

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