Gal Gadot Netflixs Upcoming Film Heart of Stone, Netflix Film Havocs Story Expands From a Failed Drug Deal, A Musical Fantasy Film of 2023 Wonka is Coming Soon, Heres What You Need To Know About Disneys New Movie Wish, Michael Mando Was Fired From an Apple Series. It was founded by the NFLPA and Major League Baseball Players Association, launched in 2019, and now oversees established licensing agreements with top companies including Electronic Arts, maker of the Madden video game franchise, Take-Two Interactive and Sony. Save my name, email, and website in this browser for the next time I comment. The league also has a younger fanbase and is ahead in the NFT space, which has cooled off. RedBirds other platform investments are often synergistic to our consumer businesses, creating multiple ways to drive value across the portfolio. EBITDA, representing a blended average purchase multiple of <9x and a significant discount to relevant comps (11-13x on average). One of the most storied franchises in global football with the second most total European titles and a ~550mm global fanbase. RedBird Capital selling stake in $2 billion NFL, MLB players - CNBC RedBird Capital Partners Net worth: $7.5billion Founded by Gerry Cardinale (pictured), RedBird Capital Partners are a private investment firm who invest in diverse markets including sports. Our teams deep expertise, relationship network, and historical track record investing in growth businesses across media, technology services, digital infrastructure, and software opportunities has led to innovative partnerships and platforms across the investment landscape. the acquisitions, leading to $6 million of run-rate synergies (>2x the underwritten figure). Argentina. The company specializes in complex, cloud-based products and operates across the full sales cycle from demand generation to closing, expansion, and retention. At this point, its unclear how much involvement RedBird will take in day to day operations, but their recent interest in growing a sports empire is encouraging. RedBird views India as one of the most attractive and fastest growing international sports markets, with a growing total addressable market of internet connected sports. Zenith Shipping is a shipping platform of product tankers and dry bulk vessels built on a ship-by ship basis. There's also a concern around RedBird's ties to the MLB. It had net woth of $7.35 billion then. This Company has worked with over 20 profitable companies in the last year. Therefore, Gerry Cardinale has an estimated net worth of $200 million. Required fields are marked *. Get the full list, Youre viewing 5 of 56 team members. So, weve collected general and professional information to give you a biographical introduction to RedBird founder, Gerry Cardinale. N3 utilizes a tech-enabled offering to provide outsourced sales solutions on behalf of leading cloud and software players. Video games, sports apparel, trading cards, and merchandise are historically the top four drivers in sports licensing. RedBird Capital Partners Investor Profile: Portfolio & Exits | PitchBook The SpringHill Company is a global consumer and entertainment company created to empower greatness in every individual. READ THIS NEXT: Is Courtney Shields married? Gurus may be added or dropped from the GuruFocus site at any time. Got a confidential news tip? In 2019, the Azrieli Group (TASE:AZRG), the largest real estate company in Israel and majority owned by the Azrieli family, made a strategic investment into Compass, becoming a value-add partner to the company and to RedBird. Reply Much of the blueprint is still laid out, but theres a lot of work to be done, and Im excited by all aspects of the new ownership group. A general view of the National Football League Players Association logo during the NFLPA press conference on January 30, 2020 at the Miami Beach Convention Center in Miami Beack, FL. Redbird Capital Partners Management has the second-highest proportion of pooled investment vehicles among all customers among the 11 most comparable advising companies. Compass Datacenters develops and owns wholesale data center facilities, leveraging a success-based, build-to-suit capex model, which is supported by long-term leases with attractive counterparty tenants. Several private funds are also advised by Redbird Capital Partners Management. Additionally, it has generated substantial profits for Cardinales investment company. Portfolio Expansion and M&A: Compass is now one of the largest privately-owned wholesale data center platforms in North America. Gerry Cardinale, like any great entrepreneur, is driven by passion. Principles for Responsible Investment (PRI), Youre viewing 5 of 101 investments and acquisitions. OneTeam is a licensing and business arm for player associations. Anchored by a 15-year contract to bundle and monetize exclusive hospitality and ticketing packages at the Super Bowl and the NFLs other marquee events, OLE today is one of the worlds largest live event experiential companies, with over 200 rights holder partnerships, including the NCAA Final Four, Ryder Cup and PGA Championships, 50+ college bowl games, music festivals and hundreds of global music tours. Dream11 offers sports-based fantasy games across cricket and 10 other sports, featuring different contest types and large prize pools. Since the initial investment, RedBird has helped source key hires to expand the senior management team. Lambda looks to acquire and exploit underdeveloped, liquids-weighted assets with economic optimization and development opportunities that generate attractive risk adjusted returns. #PressPlayCosmetics: Know why Maybelline New York launches this new campaign! This private investment firm is building high-growth companies, TOKYO REVENGERS SEASON 2 : CHRISTMAS SHOWDOWN, Tokyo Revengers Season 2 : Christmas Showdown, Former professional atheletes net worth declined, as of 2023. Redbird Capital is a private investment company. Based on ownership reports from SEC filings, as the reporting owner, Redbird Capital Partners Holdings Llc owns 2 companies in total, including The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Heres Why, Ted Lasso and Shrinking Comes With Humor and Emotions, Get Ready for the Murder Mystery A Haunting in Venice. Main Event represents an opportunity to leverage RedBirds domain expertise in the consumer and entertainment space, and to provide strategic growth-oriented capital to the business. It also bought, sold and re-acquired a stake in the YES Network. Majority Strategies is a full-service data, digital and print firm with over 125 years of collective experience influencing public opinion and behavior to create a desired action and outcome. TierPoint operates 40+ data centers across predominantly Tier II and edge markets, offering comprehensive IT infrastructure services including retail colocation, private cloud, network, and select managed services. James bought 2% of Liverpool in 2011 and exchanged his stake to grab a reported 1% investment in FSG earlier this year. You might contact Redbird Capital Partners Holdings Llc via mailing address: 667 Madison Avenue, 16th Floor, New York Ny 10065. Gerry Cardinale, the managing partner, and creator of RedBird, recently spoke to the media following the acquisition of AC Milan. Main Event is a differentiated family-entertainment center (FEC) business founded in 1998 and acquired by Ardent Leisure, a publicly traded Australian company, in 2006. The companys four areas of investment are: energy, communications, opportunistic investments, and sports, leisure, and hospitality. Aquarian Holdings is the asset manager and holding company for Investors Heritage Life Insurance Company, a fast growing life insurance annuities and retirement platform focused on the attractive fixed annuities market. In 2020, Vida Capital, an alternative asset manager, acquired Avmont to enhance Vidas capabilities in longevity underwriting. The private investment firm RedBird Capital owns 40% of OneTeam Partners, which leverages pro football and baseball players' name, image and likeness. RedBird Capital Partners - Principal Investment Firm Keeping a level head and focus will get you back on course and back in the game, whether youre rowing or offsetting a boom-or-bust pattern. Since inception, Compass has experienced significant growth through a combination of leasing, new market expansion, greenfield development, and M&A, which has transformed the company into one of the largest data center providers in North America. Private investment firm RedBird Capital Partners has announced it filed with the Securities and Exchange Commission as it looks to take a new blank check company public. It is a key source of investment and company-building strategy that aids both seasoned and up-and-coming business owners in achieving their financial goals by securing funding from RedBird Capital Partners. RedBird identified and hired the senior leadership team and built an internal direct-sales team. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. There are no international individuals or companies among the firms clientele. LeBron James is one step closer to cashing in on his entertainment business in a deal that would still leave the NBA superstar short of becoming basketballs second billionaire. Who Is RedBird Capital Partners, The Money Behind The XFL RedBird Capital, one of the biggest industry names in New York as of 2023 was founded by former Goldman Sachs partner Gerry Cardinale, and currently manages over $7 billion of capital, mostly across various business verticals in sports, TMT, financial services, and consumer goods. of 0 shares. Individuals familiar with the matter told CNBC RedBird isn't being forced to sell its position in OneTeam due to concerns about MLB team ownership. Past performance is a poor indicator of future performance. spans multiple energy cycles and has consistently provided compelling asymmetric returns for its institutional and high net worth investors . OneTeam Partners is a partnership with the Players Associations of the National Football League (NFL) and Major League Baseball (MLB) to monetize the Name, Image and Likeness (NIL) of the collective players, anchored by exclusive rights for video games and trading cards. As per the reports, the New York Stock exchange is the platform where they started trading in 2020. Also, long-term capital and partnership, and much more. XFL News Hub is not associated or affiliated with Alpha Opco, LLC ("XFL") in any way. and RedBall Acquisition Corp (RBAC)'s detailed insider trading history can be found in Insider Trading Tracker table. The firm is looking to sell its stake,. Four Corners Petroleum is a Colorado-based oil and gas company that operates and develops crude oil assets on the Central Basin Platform in the Permian Basin. Redbird Capital is a well-known company. , The brands life was made difficult by the 1987 stock market crash and stiff competition from rivals such as Sega and Nintendo. Adding investments as the businesses grow increases success rates and offsets boom-or-bust returns.