Theo Epstein, Arctos Partners File For $275 Million Sports-Related SPAC
Arctos Sports Partners, with newly appointed Executive-in-Residence Theo Epstein, have filed for a $275 million special purpose acquisition company. The blank-check…
private equity
NBA’s Spurs, CVC Capital In Talks On Private Equity Stake In Team
The San Antonio Spurs and the private equity firm CVC Capital Partners are in discussions for the Luxembourg-based investment manager to buy a minority stake in the…
Exclusive
Arctos Hits $950 Million After Latest Fundraising Round
Private equity firm Arctos Sports Partners has closed on its third round of fundraising, bringing its total raise to about $950 million, Sportico has learned. Arctos'…
SPAC Craze: Are There Enough Sports Properties To Go Around?
As Sportico's Brendan Coffey recently noted, nearly 20 special purpose acquisition companies (SPACs) with ties to sports and entertainment have filed to go public since…
Italy’s Serie A Chooses CVC-Led Group To Enter Talks on Possible $1.9 Billion Deal
Serie A has chosen a group led by private equity giant CVC Capital Partners to invest in its media rights, a deal that could provide more than $1 billion of up-front…
SPAC Principals Are Drawn to Public Markets By Potential of Perpetual Capital and No Exit Deadline
Last Friday, Sports Ventures Acquisition became the latest sports-, media- and entertainment-centric special purpose acquisition company to file paperwork with the U.S…
Valuation Arbitrage Between Wall Street, Main Street Help Explain Flood of Sports-Centric IPOs
2020 is trending to surpass the peak tech bubble of 1999 as the biggest year for U.S-listed initial public offerings in history, with nearly $95 billion raised by IPOs…
Exclusive
Beautiful Game Group Adds Oliver Luck, Gary Woolf, Others To Executive Roster
Sports private equity investor Beautiful Game Group has added two new partners to its team and expanded its board of advisors. One-time sports agent wunderkind Gary…
Exclusive
Turn2 Equity Adds Jason Heyward as First Athlete-Investor
Baseball-focused Turn2 Equity Partners has added its first pro athlete investor: Cubs right fielder Jason Heyward, who will also be the first member of a Turn2 Players…
Exclusive
Arctos Sports Hits $800 Million in Assets, Expands Investment Team
Private equity sports investment firm Arctos Sports Partners has hit $800 million in assets under management, nearly doubling the capital it can deploy since the start…
Private Equity Has Infiltrated Pro Sports. Now It’s Going to College
College sports is in turmoil. The pandemic is gutting budgets; schisms are forming between the haves and have-nots, and many conferences with normally steady income…
Move Over, Billionaires; the Really Big Money Wants In On Sports
Sports franchises have long been a billionaires' playground, where each round of seemingly outsized vanity purchases by an industry titan simply sets the base for the…
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