Quantcast
BUCKS & PUCKS: SILVER LAKE FUNDS OAK VIEW GROUP

Tim Leiweke and Irving Azoff’s Oak View Group has received a strategic investment from tech investors Silver Lake to support OVG’s growth strategy. Currently, OVG is big on hockey.

OVG will be redeveloping Key Arena in Seattle, where an NHL expansion is scheduled to arrive, and will build an arena for the New York Islanders adjacent to the Belmont Racetrack.

“In less than three years, Oak View Group has made a significant positive impact on the sports and entertainment facilities landscape,” Leiweke said. “This deal with Silver Lake provides us with capital to continue to grow our business as well as invaluable expertise and relationships.”

Lee Wittlinger, Managing Director at Silver Lake, said,  “We firmly believe that OVG is positioned to become a world-class franchise in sports and live events.”

Silver Lake has approximately $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo. 

 

 

I.B. BAD CURATES
YOUR NEWS FEED
Tracking the swing of the pendulum. (8/14a)
VIRGIN EMI FINDS LOST ONES
Cockle with muscles, alive, alive-oh. (8/14a)
QUEEN TINGS
Michelle S. on Nicki. (8/14a)
NOISEMAKERS
The new kids in town. (8/14a)
FLORA ON THE FLOOR
Le'ts Cash in. (8/14a)
HITS' 32ND ANNIVERSARY ISSUE
Or as it's known in the trade-publishing world, Doorstop 2.0.
THE A&R EXECS
That stands for Artists and Repertoire, in case you were wondering.
PIZZA AND MARKETSHARE
I'm winning this one.
THE BOILER ROOM
It's the new tape room.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)