Everton Acquired by Roundhouse Capital
Deal News | Dec 19, 2024 | The Friedkin Group
The Friedkin Group, through Roundhouse Capital Holdings Limited, has acquired a majority stake in English football club Everton from Blue Heaven Holdings, owned by Farhad Moshiri. The acquisition received the necessary regulatory approvals from relevant football and financial authorities, marking a new chapter for the club as The Friedkin Group aims to bring financial stability and success both on and off the pitch. Marc Watts will take on the role of Executive Chairman, while Dan Friedkin will become Chairman of the Board. The group's strategy focuses on strategic investments in the team, nurturing young talent, and maximizing the potential of the club's new stadium. Legal and financial advisors included Proskauer, Slaughter and May, Andalusian Sports Advisors, Pinsent Masons, and Northridge.
Sectors
- Sports Industry
- Private Equity
- Legal Advisory
Geography
- United Kingdom – Everton Football Club is based in the UK, and the transaction is relevant to UK football regulatory bodies.
- United States – The Friedkin Group, the acquiring entity, is based in the United States, making their involvement relevant to US-based entities.
Industry
- Sports Industry – The acquisition concerns a professional football club, placing it squarely within the sports industry.
- Private Equity – The involvement of The Friedkin Group, a private equity firm, in acquiring a controlling stake aligns the article with the private equity industry.
- Legal Advisory – Multiple legal firms provided advice during the acquisition, highlighting the role of legal advisory in M&A transactions.
Financials
- – No specific financial figures such as the deal price or valuation were mentioned in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Everton Football Club | Target Company | Company | An English Premier League football club based in Liverpool, acquired by Roundhouse Capital Holdings. |
| The Friedkin Group | Acquiring Entity | Company | An American private equity firm that acquired a majority stake in Everton through Roundhouse Capital Holdings. |
| Roundhouse Capital Holdings Limited | Bidding Company | Company | Part of The Friedkin Group, responsible for the acquisition of Everton Football Club. |
| Blue Heaven Holdings | Selling Company | Company | Owned by Farhad Moshiri, the former majority stakeholder in Everton FC before the sale to Roundhouse Capital. |
| Proskauer | Legal Advisor | Company | Provided legal advisory services to The Friedkin Group during the acquisition process. |
| Slaughter and May | Legal Advisor | Company | Legal advisor to both The Friedkin Group and Everton FC for the acquisition. |
| Andalusian Sports Advisors | Financial Advisor | Company | Served as financial advisor to The Friedkin Group during the acquisition. |
| Pinsent Masons | Legal Advisor | Company | Provided legal advice to Everton FC in the acquisition process. |
| Northridge | Legal Advisor | Company | Acted as legal advisor to Blue Heaven Holdings in the transaction. |