Hogan Lovells has advised Miami Beckham United, LLC and its majority owners Jorge and José Mas in connection with the recapitalization of Major League Soccer franchise Inter Miami CF.
Financial terms of the deal, which closed today, have not been disclosed.
The recapitalization featured an equity investment by Ares Capital to become a preferred equity investor through funds managed by its credit group and represents the first ever private equity investment in any MLS team. The recapitalization also involved a buyout of Marcelo Claure and Masayoshi Son from the ownership group. Inter Miami CF Vice President and General Counsel Pablo Alvarez worked closely with Hogan Lovells and played a vital role in the deal.
The Hogan Lovells core deal team included partners Mark Kurtenbach (Picture – Denver), Dan González (Miami), and Mark Weinstein (New York), counsels Steve Argeris (New York) and Allison Donovan (Denver), senior associate Christopher Weigand (Denver), associate Bill Nunn, and several other partners and associates in Miami, New York, Washington, D.C., and Northern Virginia.
Involved fees earner: Steve Argeris – Hogan Lovells; Daniel González – Hogan Lovells; Mark Kurtenbach – Hogan Lovells; Allison Donovan – Hogan Lovells; Christopher Weigand – Hogan Lovells; Mark Weinstein – Hogan Lovells;
Law Firms: Hogan Lovells;