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Edelman is handling both ends of Silver Lake's $500M outlay for a 10 percent stake in City Football Group, parent of Britain's premium league champion Manchester City soccer club, an investment that values CFG at $4.8M.
CFG, which is controlled by the Abu Dhabi royal family, owns New York City FC and teams in Australia, Japan, China, Uruguay and Spain.
It plans to use the proceeds from the Silicon Valley private equity firm to fuel international growth, develop infrastructure and enhance technology. A home stadium for NYCFC, which currently plays in Yankee Stadium, is in the works.
The Financial Times reports that Silver Lake's investment makes CFG the globe's richest sports investment, ahead of rival Manchester United ($2.8B) and the Brooklyn Nets ($2.4B).
Silver Lake has $43B in assets under management. Managing partner Egon Durban will join CFG's board of directors, which will increase from eight to nine members.
Edelman's Iona Stewart represents CFG and Jennifer Stroud handles Silver Lake.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
