Thoughts on the deal? Also saw that DB, GS, and MOE were on as advisors and made me wonder…which coverage group would handle this kind of deal? For example at GS, their groups are TMT, HC, IND, CRG, RE, FIG, NatRes and personally can see which one a sports team would clearly fit into? Would it be (T)M(T)?
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Wasn't Raine Group advising the acquisition?
According to Clearlake’s LinkedIn post, it was DB, GS, MOE, and Robey Warshaw
Ok, got it. Raine was shortlisting the potential suitors of the club on behalf of Abrahamovic/UK govt
Think Robey Warshaw had some involvement as George Osborne ( former UK Chancellor) works there and is a massive Chelsea fan.
Raine advised Chelsea - GS/DB/MOE were buyside mandated
Yes, I was talking about this point.
I feel like it would fall under a gaming/lodging/entertainment group? Like the team that works with casinos; I don’t think it clearly falls under any traditional coverage group (maybe some mix of consumer/TMT).
Yeah that could maybe make sense too. I was also thinking TMT / CRG but can't see it clearly in either one so was curious as to what other people would opine for who which group would take on the deal if it was brought to a bank
Raine advised sell-side on this (Chelsea). Had to be a few interesting zoom calls in there
Out of curiosity. Do you think it was handled out of the London office or by the US team?
Has to be LDN surely
It falls under the Entertainment Group that sits in TMT
GS TMT
GS TMT. There is an MD that is the head of sports IB as well as east coast software
Robey Warshaw get some insane dealflow
George Osborne using his connections wisely
Football is usually covered by Media in TMT as TV rights are the main source of income for most clubs.
How does Clearlake run this by their investment committee? Like do the LP’s have to sign off on an investment like this?
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