Firm advised CVC on investment in subsidiary of France's Ligue de Football Professionnel
White & Case LLP advised investment firm CVC Capital Partners on a €1.5 billion investment commitment agreement with France's Ligue de Football Professionnel (LFP) related to the creation of a commercial subsidiary aimed at supporting the financing of professional and amateur football clubs.
In return for the investment in the commercial subsidiary's capital, CVC will hold a 13 per cent stake, meaning the entire share capital of the commercial subsidiary is valued at €11.5 billion.
The transaction is expected to be completed by the end of July 2022, after consultation with the LFP's employee representative bodies and the fulfilment of a number of conditions, including the approval of the relevant competition authorities.
The White & Case team in Paris advising on the transaction was led by partner Saam Golshani (pictured) and included associate Simon Martin-Gousset.