Top private equity news of the week
The US investment firm is negotiating to acquire part of the holdings of chief executive Miguel Angel Gil Marin and chairman Enrique Cerezo, with additional shares potentially coming from Ares Management.
The Sources noted Apollo might not obtain majority control immediately but is expected to secure it in a later stage of the transaction. The club’s majority owners currently control about 70% of shares through Atletico Holco, while Quantum Pacific holds the remainder.
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Partners Group has been appointed as strategic partner and portfolio manager for Deutsche Bank’s first evergreen private markets fund, a vehicle designed to open access to alternatives for qualified private clients across the European Economic Area and Switzerland.
Developed in collaboration with Deutsche Bank’s asset management arm DWS, the fund is scheduled to launch in the third quarter of 2025. It will be offered in an ELTIF 2.0 evergreen format, providing investors with regular entry and exit options under normal market conditions, subject to an initial holding and notice period.
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Robert Kraft has agreed to sell an 8% stake in the New England Patriots to Sixth Street Capital and billionaire Dean Metropoulos, in a deal that values the NFL franchise at more than $9bn, according to CNBC.
Sixth Street will acquire about 3% of the team, while Metropoulos will take roughly 5%. The proceeds from the sale will remain on the Patriots’ balance sheet. The transaction does not include the Kraft family’s ownership of Major League Soccer side New England Revolution.
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