Matters

Multinational Insurance and Reinsurance Company – Capital Markets and Regulatory Advice

Ongoing capital markets and regulatory advice to the investment advisory unit of a multinational insurance and reinsurance company.

R6 Capital Management – St. Louis Blues Financing

Represented R6 Capital Management L.P. in a $15 million PIK loan to Sports Capital Holdings (St. Louis) LLC, the owner of the St. Louis Blues Hockey Club. The loan, which is fully subordinated to a syndicated revolver and term loan, required the consent of the National Hockey League and the lenders under the senior syndicated facilities.

Edison Tax Services – Acquisition Platform Structure and Joint Ventures

Represented Edison Tax Services in structuring its acquisition platform and establishing joint ventures with local operators to acquire tax liens and develop foreclosed properties.

Stillwater Capital Partners – Acquisition of Assets by Public Shell

Represented Stillwater Capital Partners, Inc., in the sale of all the assets, liabilities and investment portfolios of various private investment funds to Gerova Financial Group, Ltd. (formerly Asia Special Situation Acquisition Corp.), a publicly held special purpose acquisition company organized in the Cayman Islands.

Private Equity Firms, Family Offices and Institutional Investors- SPAC Investment Advice

Advising private equity firms, family offices and other institutional investors in multiple investment opportunities in special purpose acquisition company (SPAC) transactions in a variety of industries.  

Avenue Sports Fund – Investment in Immersive Technology, Media, and Entertainment Company

Represented Avenue Sports Fund in its investment in Cosm, a leading immersive technology, media, and entertainment company. The funding will drive long-term growth of Cosm's "shared reality" venues as well as its technology and media business units. 

Resources

Avenue Sports Fund – Capital Investment in English Soccer Club

Represented Avenue Sports Fund in its partnership with Bright Path Sports Partners in connection with their investment in Gamechanger 20 Ltd, the owner of Ipswich Town Football Club. Ipswich Town competes in the Premier League, the top tier of the English football league system. Avenue Capital will have representation on the Ipswich Town Board of Directors and will provide strategic input in addition to the equity capital and lending facility.

Resources

Avenue Sports Fund as Lead Investor Group in Acquisition of Sail GP U.S. Team

Represented Avenue Sports Fund as lead investor in the acquisition of the U.S. team in the global sailing league SailGP. The team acquisition was the largest in SailGP history, and, according to Sports Business Journal, constituted a record valuation for a SailGP team. 

“The investment by the Avenue Sports Fund in the U.S. SailGP Team is a perfect fit for our strategy of supporting emerging sports and leagues to capitalize on the globalization of sports and related areas of potential rapid growth,” said Marc Lasry, Avenue Capital Group Chairman and CEO.

Resources

Represented Avenue Sports Fund in Men in Blazers Investment

Represented Avenue Sports Fund, an affiliate of Avenue Capital Group, respecting its lead equity investment in Men in Blazers, the preeminent soccer-focused media platform and podcast producer in the United States.

Resources

Represented Avenue Sports Fund in College Sports Tomorrow Investment

Represented Avenue Sports Fund, an affiliate of Avenue Capital Group, respecting its equity investment in College Sports Tomorrow, a group of prominent investors and leaders in the sports industry, seeking to establish a single, national college football league.

Resources

Represented Avenue Sports Fund in Multi-Club Ownership Group for Women’s Football Clubs

Represented Avenue Sports Fund, an affiliate of Avenue Capital Group, respecting its equity investment in Mercury13, a multi-club ownership group focused on women’s football clubs in Europe and South America, which currently owns FC Como Women of Italy’s top-tier Serie A Femminile.

Resources

Represented Avenue Sports Fund in Sports Media Company Investment

Represented Avenue Sports Fund, an affiliate of Avenue Capital Group, respecting its equity investment in a sports media company focused on sports-related entertainment and lifestyle content.

Represented Avenue Sports Fund in Pickleball Investment

Represented Avenue Sports Fund, an affiliate of Avenue Capital Group, respecting its equity investment in an owner and operator of pickleball facilities.

Represented Avenue Capital Group in PGA Tour Investment

Represented Avenue Sports Fund, an affiliate of Avenue Capital Group, respecting its investment in Strategic Sports Group (SSG), a consortium of sports franchise owners and investors, in support of SSG’s $3 billion investment in PGA Tour Enterprises, a new commercial venture between the PGA Tour, SSG and PGA Tour players.

Venture Capital Firm – Fund Formation and Portfolio Investments

Advised venture capital firm on various matters including the structuring and drafting of documents relating to fund formation, capital raising, corporate, securities, compliance and accompanying tax issues associated with fund formation, and portfolio investments.

Private Investor – Formation of Private Equity Fund

Represented client in establishing a private equity fund focusing on aggregating investments in collegiate and high school sports.

Vanbarton Group – Real Estate Fund

Represented Vanbarton Group in establishing a real estate private fund for a multi-billion dollar pension fund.

CAPTOR RE – Real Estate Fund Program

Represented CAPTOR RE in the acquisition and sale of multi-million dollar real estate projects to non-U.S. investors using private REITs.

Regulatory and Securities Law Advice

Advised the broker dealer and investment advisor units of a multi-service financial institution on corporate and regulatory matters.

Pirate Capital – Proxy Contest

Represented a hedge fund in a hostile proxy contest to obtain control of the board of directors of a NYSE-listed company.

Private Equity – Venture Capital Fund

Represented a private equity firm in establishing a semi-independent venture capital fund platform, including the negotiation of the terms of the venture capital fund platform documents and related compensation and governance issues.

Victor Chu & Co. – NYS Energy Efficiency Fund

Represented Victor Chu & Co and its affiliates, in an investment in and management of New York Energy Efficiency Investments, LLC, a fund formed to finance and implement projects meeting the criteria of New York State's energy efficiency program.

Fund Manager – JOBS Act

Represented a fund manager in connection with JOBS Act advice, including new private placement rules.

Global Hedge Company – Exchange

Represented a global hedge fund in the exchange of certain of its private equity holdings to a Greek public company.

Hedge Fund – SEC Investigation

Successful defense of a prominent hedge fund in connection with an SEC investigation of alleged misrepresentations and the alleged failure to disclose material facts to investors. We prepared a Wells Submission which resulted in decision by the SEC to drop the investigation.

Offshore Investment Fund – Joint Venture

Represented an offshore investment fund in an investment in a joint venture for U.S. commercial real estate development.