Silver Lake’s Strategic Investment in Oak View Group


Simpson Thacher represented Silver Lake in connection with its strategic investment in Oak View Group

Silver Lake has made a strategic investment in the Oak View Group (“OVG”), an entertainment and sports facilities company. This investment will support OVG’s growth strategy, including its arena development projects and other strategic initiatives.

OVG was recently awarded the right to redevelop Key Arena in Seattle with partners David Bonderman and Jerry Bruckheimer, and was an integral part of attracting an NHL expansion team to the market for the first time, generating a deposit campaign of 33,000 tickets in less than two days. OVG also partnered with New York Mets COO Jeff Wilpon and the NY Islanders to form a group that was awarded the right to build a new arena for the Islanders adjacent to the Belmont Racetrack in New York. Additionally, OVG has recently entered the facilities management business through its acquisition of Pinnacle Facility Management, and also owns and operates venue trade publications Venues Now and Pollstar.

Oak View Group was founded in 2015 by Tim Leiweke and Irving Azoff to be a positive disruptor in sports and entertainment. The company currently has more than 200 employees across offices in Los Angeles, Seattle and New York City. OVG’s business divisions include OVG Business Development, OVG Global Partnerships, OVG Media and Conferences, OVG Facilities, Prevent Advisors and the Arena and Stadium Alliance, a select group of top U.S. venues.

Silver Lake is the global leader in technology investing, with approximately $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo.

The Simpson Thacher team included Atif Azher (Picture), Simon Chiu and Blake Meyer (M&A); Katharine Moir and Jacqueline Clinton (Tax); Jennifer Levitt and Mimi Cheng (Banking and Credit); Jonathan Lindabury (Derivatives); Erin Murphy and Alex Ellebracht (Executive Compensation and Employee Benefits); Marcela Robledo and Marissa Lambert (Intellectual Property); Timothy Mulvihill (Environmental); and Kelly Karapetyan (Antitrust).

Involved fees earner: Atif Azher – Simpson Thacher & Bartlett; Simon Chiu – Simpson Thacher & Bartlett; Blake Meyer – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Jacqueline Clinton – Simpson Thacher & Bartlett; Jennifer Levitt – Simpson Thacher & Bartlett; Mimi Cheng – Simpson Thacher & Bartlett; Jonathan Lindabury – Simpson Thacher & Bartlett; Erin Murphy – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Marissa Lambert – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Silver Lake;

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Author: Ambrogio Visconti