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

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.