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Search resuls for: "Redbird Capital"


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2022 kicked off with some huge transactions, from AT&T's WarnerMedia spin-off to private equity scooping up content players. Brad Pitt's production company, Plan B, and Diamond Sports Group both recently tapped big banks to explore their options. Not surprisingly, WarnerMedia was at the heart of the richest transaction fee waterfall for big banks in 2022. Moelis and LionTree were just tapped to help figure out what's next for Sinclair's Regional Sports Networks, Diamond Sports Group, while Brad Pitt's production company, Plan B, also hired Moelis to shop the production company, according to Variety. There's lots of dry powder still in private equity, Navid Mahmoodzadegan, co-founder and co-president at investment bank Moelis, told Insider.
Private equity firms are investing more deeply in film and TV content companies, even amid a possible recession. Private equity accounted for 42% of deals over the last year vs. 24% in 2018, according to PwC. KKR just led a $400 million funding round for Skydance, giving the "Top Gun: Maverick" studio a $4 billion valuation. And earlier in July, Swedish firm EQT invested in UTA, which makes the private equity player the largest outside shareholder of the talent agency. And KKR is continuing to make big bets: It just led a $400 million funding round in "Top Gun: Maverick" studio Skydance that sent the production company's valuation north of $4 billion.
2022 kicked off with some huge transactions, from AT&T's WarnerMedia spin-off to private equity scooping up content players. Company valuations are set to fall back to earth in 2023, and private equity and strategics are lying in wait. Not surprisingly, WarnerMedia was at the heart of the richest transaction fee waterfall for big banks in 2022. Joshua Grode's Legendary Entertainment, backed by Dalian Wanda and now Apollo Group, which took a stake in the studio in January. There's lots of dry powder still in private equity, Navid Mahmoodzadegan, co-founder and co-president at investment bank Moelis, told Insider.
Abry Partners' $100 million stake in Kevin Hart's company HartBeat is the latest big M&A move in Hollywood. Dealmakers said production companies are valuable amid the streaming wars and demand for content. The M&A activity had top Hollywood dealmakers telling Insider in early 2022 that practically every independent production company is a target. Many production companies make work-for-hire or don't control the rights to a project once it is sold off to a studio distributor. Based on January interviews with five entertainment industry experts and insiders, Insider identified a list of 10 production companies that could be compelling acquisition targets as M&A activity continues.
Starul din NBA, LeBron James și partenerii săi de afaceri investesc masiv în FC Liverpool. Compania Fenway Sports Group, care deține clubul englez de fotbal, a semnat un contract cu firma RedBird Capital și va obține de la aceasta peste 735 de milioane de dolari.Banii vor fi alocați pentru modernizarea stadionului Anfield. FSG planifică să majoreze capacitatea tribunelor de la 53 de mii de locuri la 61 de mii. Costul lucrărilor se ridică la 82 de milioane de dolari.Mai mult, noua investiție va ajuta pe FC Liverpool să amortizeze pierderile financiare din perioada pandemiei, estimate la 165 de milioane de dolari.La rândul său, LeBron James, care deținea de mai mulți ani două la sută din acțiunile lui FC Liverpool, își va mări cota de participație la capitalul clubului englez și va deveni membru al grupului de proprietari.Compania Fenway Sports Group, care a cumpărat pachetul de acțiuni al lui FC Liverpool în 2010, este și proprietara echipei de baseball Boston Red Sox.
Persons: LeBron James, Anfield . FSG, James Organizations: FC Liverpool, Compania Fenway Sports Group, RedBird Capital, Anfield, proprietari.Compania Fenway Sports Group, Boston Red Sox Locations: LeBron, englez
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