Freshfields advises CVC Capital Partners VIII on its €1.5bn investment in the Ligue de Football Professionnel’s new commercial subsidiary
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised funds managed by CVC Capital Partners on the signing of an investment commitment agreement with the French professional football league (“LFP”) in connection with the creation of a new commercial subsidiary of the LFP intended to support the development of the French football ecosystem.
In return for its total investment commitment of €1.5bn, CVC Capital Partners VIII will hold a 13 per cent stake in the commercial subsidiary, valuing the entire share capital of the commercial subsidiary at €11.5bn.
The transaction is subject to certain closing conditions, including competition approvals, and is expected to complete by the end of July 2022.
The Freshfields team is being led by partners Charles Hayes and David Brooks, alongside associate Alex Collins. Antitrust advice is being provided by partner Simon Priddis, alongside associates Luke Becker and Anup Nandra.