Clearlake exits PrimeSport: UPDATED
Clearlake Capital Group LP said Tuesday it has sold PrimeSport Holdings Inc. to The Carlyle Group, Moorad Sports Partners and RSE Ventures. Financial terms weren’t announced. PrimeSport management and Clearlake will retain a minority stake in the Atlanta-based sports, travel and entertainment management company. Clearlake invested in PrimeSport in January 2014. UPDATE: Clearlake is expected to make over 3x its money with the sale of PrimeSport, a source said. Lincoln International provided financial advice to PrimeSport/Clearlake while PricewaterhouseCoopers advised Carlyle.
17 February 2015•4 mins read
