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New Deal


Announced

Silver Lake-backed Diamond Baseball to acquire Salem Red Sox from Fenway Sports.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Friendly

Majority

baseball

Single Bidder

Domestic

Private

Entertainment

United States

Acquisition

Private Equity

Synopsis

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Silver Lake-backed Diamond Baseball, an organization that owns and operates select minor league clubs affiliated with Major League Baseball, agreed to acquire Salem Red Sox, a Minor League Baseball team, from Fenway Sports, a multinational sports holding conglomerate. Financial terms were not disclose. “We anticipate a smooth transition in the coming weeks and know that DBH puts fans and community first. Our day-to-day operations will not change, and our entire organization remains focused on creating an exceptional player development program for Red Sox players, and a positive experience for our fans in the Roanoke Valley,” Allen Lawrence, Salem General Manager.

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