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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.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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