M&A Deal Summary

HPS Investment Partners and Morgan Stanley Tactical Value Investing Acquire OneTeam Partners

On September 15, 2022, lender HPS Investment Partners and private equity firm Morgan Stanley Tactical Value Investing acquired media company OneTeam Partners from RedBird Capital Partners

Acquisition Highlights
  • This is HPS Investment Partners’ 1st and Morgan Stanley Tactical Value Investing’s 1st transaction in the Media sector.
  • This is HPS Investment Partners’ 5th and Morgan Stanley Tactical Value Investing’s 11th transaction in the United States.
  • This is HPS Investment Partners’ 1st and Morgan Stanley Tactical Value Investing’s 1st transaction in District of Columbia.

M&A Deal Summary
Date 2022-09-15
Target OneTeam Partners
Sector Media
Buyer(s) HPS Investment Partners
Morgan Stanley Tactical Value Investing
Sellers(s) RedBird Capital Partners
Deal Type Secondary Buyout

Target

OneTeam Partners

Washington, District of Columbia, United States
website
OneTeam Partners provides athletes to maximize the value of their name, image, and likeness rights. OneTeam will manage and further commercialize player intellectual property, beginning with established franchises in video games and trading cards. OneTeam Partners was established in 2019 and is based in Washington, District of Columbia.

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Buyer(S) 2

Buyer

HPS Investment Partners

Investor Investor Investor Investor Investor

website

Category Lender
Founded 2007
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HPS Investment Partners is a global investment firm that seeks to provide capital solutions clients. The Firm manages various strategies across the capital structure that include syndicated leveraged loans and high yield bonds to privately negotiated senior secured debt and mezzanine investments, asset-based leasing and private equity. The Firm looks to invest in companies large and small, through standard or customized solutions. HPS was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 8 of 9
Sector (Media) 1 of 1
Type (Secondary Buyout) 1 of 2
State (District of Columbia) 1 of 1
Country (United States) 5 of 6
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 Spruce Power

Houston, Texas, United States

Spruce Power owns and operates more than 52,000 residential rooftop solar systems. The company sells the power generated by its systems to homeowners pursuant to long-term agreements that obligate the company’s subscribers to make recurring monthly payments. Spruce Power is headquartered in Houston, Texas.

Sell $59M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 SGS

Louisville, Kentucky, United States

SGS is a global provider of packaging graphic services to branded consumer products companies, retailers and the printers that service them. SGS was founded in 1946 and is based in Louisville, Kentucky.

Buy -
Buyer

Morgan Stanley Tactical Value Investing

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Morgan Stanley Tactical Value Investing is an opportunistic investment group within Morgan Stanley focused on flexible capital solutions across asset classes, sectors, and geographies. The group will consider a variety of investment solutions including preferred equity, asset-backed loans, recapitalizations, PIPEs, and junior/senior debt. Morgan Stanley Tactical Value Investing is headquartered in New York City.

DEAL STATS #
Overall 14 of 14
Sector (Media) 1 of 1
Type (Secondary Buyout) 3 of 3
State (District of Columbia) 1 of 1
Country (United States) 11 of 11
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-21 Nivel Parts & Manufacturing

Jacksonville, Florida, United States

Nivel Parts & Manufacturing is an independent manufacturer and distributor of aftermarket golf car replacement parts and accessories. Nivel Parts & Manufacturing was founded in 1968 and is based in Jacksonville, Florida.

Buy -

Seller(S) 1

SELLER

RedBird Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2014
PE ASSETS 8.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

RedBird Capital Partners is a private equity firm focused on investing in growth-oriented companies in the business services, financial services, sports/leisure/hospitality, and media/entertainment sectors. RedBird will consider opportunities throughout North America and has a particular interest in businesses at an inflection point with proven business models, strong management, and little debt. RedBird Capital Partners was formed in 2014 and is based in New York, New York.

DEAL STATS #
Overall 6 of 9
Sector (Media) 2 of 3
Type (Secondary Buyout) 1 of 3
State (District of Columbia) 1 of 1
Country (United States) 6 of 9
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Talent Systems

Los Angeles, California, United States

Talent Systems is a technology solution provider for casting and auditioning that connects talent and their representatives with casting directors in film, television, theater, print, voiceover, and commercials. Talent Systems is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 FireBird Energy

Fort Worth, Texas, United States

FireBird Energy is an upstream oil and gas company focused on the acquisition and responsible development of assets in the Midland Basin. The company made a significant acquisition of producing properties in the western Midland Basin at the time of its founding and presently operates over 450 vertical and horizontal wells in the Basin. FireBird Energy was established in 2019 and is based in Fort Worth, Texas.

Sell -
Mergr

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