Sixth Street and Michael Dell’s Strategic Partnership With San Antonio Spurs

Vinson & Elkins advised Sixth Street on the deal, while Norton Rose Fulbright represented San Antonio Spurs consortium of selling investors. Hogan Lovells represented the San Antonio Spurs.

Sixth Street, a leading global investment firm, and Michael Dell have joined the Spurs investor group as Strategic Partners.

This transaction was approved by the NBA’s Board of Governors, as was the appointment of Peter J. Holt to Managing Partner of the Spurs. Following this transaction, the Holt family remains the largest shareholder of the professional basketball franchise founded in 1967 and operating in the NBA since 1976.

Sixth Street manages more than US$50 billion in assets with an investment approach offering solutions to companies across all stages of growth.

Michael Dell is Chairman and Chief Executive Officer of Dell Technologies, which provides customers with an innovative technology and services portfolio for the data era.

The V&E team is led by partner John Kupiec (Picture) and senior associate Michael Gibson, with assistance from partner Kaam Sahely and associates Jordan Fossee, Alan Albrecht, Waid Barfield, Sam Boyer, Sean Hill and Ryan Logan. Also advising were partner David Peck and senior associate Christine Mainguy; partner Sean Becker; partner David D’Alessandro and senior associate Kristy Fields; partner Matt Dobbins; partners Michael Holmes and Matt Stammel and senior associate Jeffrey Crough; and partner Chris Dewar.

Norton Rose Fulbright’s deal team was led by Daryl Lansdale (San Antonio and Austin) and included Charlie Hord (New York) and Bryan Wittman (San Antonio).

Hogan Lovells M&A partners Matthew Eisler, Russell Hedman, and Craig Umbaugh, and Tax partner Mark Weinstein, led the deal along with associates Melissa Moravec, Brandon Leppke and Jeff Nwagbo.  Bobby Perez, as EVP and General Counsel of the Spurs, led the transaction for the team, and Lauren Ciminello and Shari Mao, partners at Jackson Walker LLP, represented Peter J. Holt.

Involved fees earner: Matthew Eisler – Hogan Lovells; Russell Hedman – Hogan Lovells; Brandon Leppke – Hogan Lovells; Melissa Moravec – Hogan Lovells; Jeff Nwagbo – Hogan Lovells; Craig Umbaugh – Hogan Lovells; Mark Weinstein – Hogan Lovells; Alan Albrecht – Vinson & Elkins LLP; Waid Barfield – Vinson & Elkins LLP; Sean Becker – Vinson & Elkins LLP; Sam Boyer – Vinson & Elkins LLP; Jeffrey Crough – Vinson & Elkins LLP; Christopher Dewar – Vinson & Elkins LLP; Matthew Dobbins – Vinson & Elkins LLP; David D’Alessandro – Vinson & Elkins LLP; Kristy Fields – Vinson & Elkins LLP; Jordan Fossee – Vinson & Elkins LLP; Michael Gibson – Vinson & Elkins LLP; Sean Hill – Vinson & Elkins LLP; Michael Holmes – Vinson & Elkins LLP; John Kupiec – Vinson & Elkins LLP; Ryan Logan – Vinson & Elkins LLP; Christine Mainguy – Vinson & Elkins LLP; David Peck – Vinson & Elkins LLP; Kaam Sahely – Vinson & Elkins LLP; Matthew Stammel – Vinson & Elkins LLP;

Law Firms: Hogan Lovells; Vinson & Elkins LLP;

Clients: San Antonio Spurs; Sixth Street Partners;

Author: Martina Bellini