Fenway Sports Group Acquires Controlling Interest in the Pittsburgh Penguins

RedBird Capital Partners Makes Significant Investment in Fenway Sports Group; LeBron James, Maverick Carter and Paul Wachter Join Ownership

March 31, 2021

Media & Entertainment

RedBird Capital Partners has made a significant minority investment in Fenway Sports Group (FSG) at an enterprise valuation of $7.35 billion to support accelerated growth and strategic acquisitions across FSG’s sports, media and real estate platform. As part of the transaction, LeBron James, Maverick Carter and Paul Wachter exchange a previously held interest in Liverpool FC to join FSG’s ownership group; Sam Kennedy also converts long-term incentive interests into equity.

Lindsay Goldberg Acquires Controlling Interest in Golden State Foods

August 8, 2024

Food & Beverage

Lindsay Goldberg has entered into an agreement to acquire a controlling interest in Golden State Foods (GSF), partnering with the Wetterau family which will retain a significant ownership stake. The investment will provide GSF with additional resources to support growth across its global foodservice manufacturing and distribution operations while the company remains headquartered in Irvine, California under existing management.

Penn National Acquires 36% Stake in Barstool Sports

February 20, 2020

Media & Entertainment

Penn National Gaming acquired a 36% minority interest in Barstool Sports for approximately $163 million, comprised of cash and convertible preferred stock. The deal makes Penn National Barstool's exclusive gaming partner with rights to use the Barstool brand for online and retail sports betting and positions the companies to roll out a Barstool-branded sportsbook and interactive products.

Seattle Hospitality Group Acquires Controlling Stake in Fremont Brewing

April 16, 2024

Food & Beverage

Seattle Hospitality Group (SHG) has acquired a controlling interest in Fremont Brewing, bringing the craft brewer under the same umbrella as Pike Brewing. The founders will remain involved, production facilities will stay separate and there are no immediate staffing changes; SHG said it will provide resources to accelerate Fremont's growth plans.

Eagle Football Acquires Controlling Stake in Olympique Lyonnais (OL Groupe)

December 19, 2022

Media & Entertainment

Eagle Football Holdings Bidco Limited, led by John Textor, acquired a significant controlling stake in Olympique Lyonnais Groupe SA on December 19, 2022. The transaction was backed by funds managed by Ares Management and investors Iconic Sports and Elmwood Partners; Jean‑Michel Aulas will remain as chairman and join Eagle Football's board, and Eagle Football intends to launch a tender offer (with Holnest) for remaining shares.

SportsHub Games Network Acquires Fantasy National Golf Club

July 20, 2020

Media & Entertainment

SportsHub Games Network, a Minneapolis-based operator of fantasy and real-money gaming sites, has acquired Fantasy National Golf Club to expand its fantasy golf offerings and research tools. The deal is an add-on as part of SportsHub's ongoing roll-up strategy to consolidate mid-tier fantasy sports platforms and broaden its product portfolio.