DLA Piper advises Ares Management Corporation and Goldman Sachs in recapitalization of Inter Miami CF
DLA Piper represented funds managed by the Credit Group of Ares Management Corporation in a US$150 million preferred equity investment in Inter Miami CF. DLA Piper also represented Goldman Sachs as agent, and the other lenders in a US$150 million senior loan to Inter Miami CF. Both transactions closed simultaneously.
The DLA Piper team advising Ares included partner Richard Rubano (New York), of counsel Alexander Steinberg (New York); and associates Ian Boardman (Los Angeles) and Tristan Meagher (Baltimore).
“We were delighted to have the opportunity to work with the Ares team on this groundbreaking transaction, which will not only help support the continued growth of the Inter Miami franchise, but will also further open the door for innovative capital solutions in the sports sector,” said Rubano, the DLA Piper partner who led the firm’s deal team.
The DLA Piper team advising Goldman Sachs included partners Peter White (New York) and Mark Whitaker (Northern Virginia) and of counsel Jennifer Dinsmore (Baltimore).
DLA Piper's market-leading international team of sports lawyers has advised on some of the most significant transactions in the sports industry, including multibillion-dollar acquisitions and sales of sports franchises, joint ventures, stadium and arena developments, team financings, media and sponsorship arrangements, and regulatory and administrative issues.