The Boston Celtics are set to be sold to a group led by Bill Chisholm, co-founder of private equity firm Symphony Technology Group, in a record-breaking $6.1bn deal.

The purchase price marks the highest valuation ever for a North American sports franchise, surpassing the $6.05bn sale of the Washington Commanders in 2023.

The sale follows nine months of deliberation after Celtics majority owner Wyc Grousbeck announced plans to sell the team. The Grousbeck family, which purchased the franchise for $360m in 2002, oversaw a highly successful era that included two NBA championships and four Finals appearances. Forbes valued the Celtics at $6bn in October 2024, aligning closely with the reported sale price.

Goldman Sachs Alternatives unveiled a dedicated private credit strategy aimed at financing climate and environmental businesses, securing $1bn in initial institutional commitments.

The move positions the firm as a key lender in a sector increasingly reliant on private debt capital to scale operations amid regulatory shifts and rising sustainability demands.

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PepsiCo agreed to acquire prebiotic soda brand Poppi for $1.95bn, securing a foothold in the rapidly growing functional beverage market. 

The deal reflects PepsiCo’s push into health-focused brands as consumer preferences shift toward functional drinks with perceived wellness benefits.

Prior to the acquisition, Poppi received funding from CAVU Consumer Partners, a private equity firm specializing in consumer brands. CAVU Consumer Partners invested in Poppi from its initial seed round through to its sale to PepsiCo, helping scale the brand’s market presence and distribution.

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