SpringHill Co. and Fulwell 73 Merge; Backing from Fenway, RedBird, Nike, Epic and Others

RedBird Leads Minority Investment in The SpringHill Company

October 15, 2021

Media & Entertainment

RedBird Capital Partners led a minority investment in The SpringHill Company, the production and consumer brand business founded by LeBron James and Maverick Carter. The investor group included Nike, Fenway Sports Group and Epic Games; Fried Frank acted as counsel to RedBird on the transaction.

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.

Hotel Equities and Springboard Hospitality Merge

May 6, 2025

Restaurants & Hospitality

Hotel Equities and Springboard Hospitality announced a strategic merger effective May 1 to create a scaled, owner-focused hotel management company operating across the United States, Canada, the Caribbean, and Latin America. Ben Rafter (formerly CEO of Springboard) will serve as CEO of the combined company and Brad Rahinsky (former Hotel Equities CEO) will serve as chairman, with the combined firm leveraging complementary strengths in branded and independent/lifestyle hotel management.

Great Hill Partners Acquires Majority Stake in notonthehighstreet

February 9, 2021

E-Commerce

Boston-based growth equity firm Great Hill Partners has acquired a majority stake in UK curated online marketplace notonthehighstreet, with existing investors Burda Principal Investments and Industry Ventures remaining as shareholders. The investment will support the company’s rapid growth by expanding its marketplace reach, accelerating its tech and product roadmap, and developing new product categories and discovery capabilities for customers and small-business partners.

Great Hill Partners Invests in BigChange

February 4, 2021

Cloud & SaaS

Great Hill Partners has made a significant growth investment (reported as over £75 million) in BigChange, the Leeds-based mobile workforce management SaaS provider, valuing the company at approximately £100 million. BigChange founder and CEO Martin Port and the management team retain a significant minority stake; the capital will be used to accelerate product development and expand the company's geographic footprint in the US, Europe and Asia Pacific.

Coldstream Combines with Cable Hill Partners

June 1, 2025

Wealth Management

Coldstream has combined with Cable Hill Partners, a Portland, Oregon-based registered investment advisor managing approximately $2 billion in client assets. The Cable Hill team of 29 professionals will become shareholders of Coldstream as part of the partnership, enhancing Coldstream's retirement plan capabilities and expanding its presence in the Portland market; the transaction closed June 1 with terms undisclosed.