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New Deal


Announced

Completed

SC, Al Tylis and Tom Dundon completed the merger of Carvana PPA Tour and MLP by Margaritaville in a $75m deal.

Financials

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Transaction Value£59m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private

Private Equity

Majority

Domestic

Merger

Entertainment

Acquisition

Completed

Friendly

pickleball

Single Bidder

Synopsis

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SC, a private equity firm, Al Tylis and Tom Dundon, the owners, completed the merger of Carvana PPA Tour and MLP by Margaritaville, two professional pickleball organizations, in a $75m deal. "Today is an exciting day for everyone involved or interested in the world of pickleball. MLP and the PPA Tour working as partners creates a sustainable, viable, and healthy ecosystem for all key participants in which the best players in the world can play in both of the thrilling pickleball formats, ensuring that we're promoting the highest-quality, most exciting events," Connor Pardoe, PPA Tour Founder and CEO.

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