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Redstone advises successful bidder for FC Girondins Bordeaux


Congratulations to Redstone's client General American Capital Partners (GACP) who have completed the acquisition of Ligue 1 club FC Girondins de Bordeaux from French media owner M6.


Redstone advise the acquisition of FC Girondins Bordeaux

Redstone's advisory arm Redstone Advisory Partners provided strategic due diligence, guarantee and debt advisory to the US-domiciled sport focused fund in the successful transaction.


Redstone's Co-Founder Mark Alexander who leads Portfolio Management and Strategy at Redstone said;


"Congratulations to Joe and all the team at GACP. This transaction represents the culmination of a hard-fought, groundbreaking acquisition. Bordeaux is an excellent side, Aquitaine is one of the best places to live anywhere on earth, Bordeaux is one of Europe's most storied cities, and the club has an impressive stadium in the Mamut Atlantique. I speak for all the Redstone team when I say that we were pleased to be part of GACP's success and wish them all the best as they take the club forward."


Joe De Grosa of General American Capital Partners said;


"We have been attracted to the sports market for some time, having seen how media and data-driven technology could drive growth. Within this sector, FC Girondins Bordeaux stood out due to clubs' competitive history and nature, the quality of the Bordeaux and Aquitaine business environment, and its excellent reputation. Our thanks to Mark and all the Redstone team as we continue onward to focus on the growth of Bordeaux."



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Notes


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Bordeaux is among the most successful French clubs, winning the Ligue 1 title six times. Currently, they stand seventh in the table.


Redstone is an investor and advisor born out of sports. Redstone has broad experience in real asset investment including 14 stadia/arena projects. Redstone is also part of the Athens Alive consortium, which plans to turn the 2004 Olympic site OAKA in Athens, Greece into a new world-class, sustainable, walkable neighbourhood in a €1.7bn redevelopment. Redstone puts profit and values at the heart of their investments. They evaluate investments based on a combination of economics, social investment and social sustainability.


General American Capital Partners LLC (“GACP”) is a private equity firm based in Miami Florida, founded by Joseph DaGrosa Jr. and David Neithardt (the “Senior Principals”). GACP is focused on making control and influential minority investments in companies located throughout the United States, Western Europe and Latin America. GACP seeks to invest in businesses in which it can partner with strong management teams to create long-term investor value. The Senior Principals of GACP have worked together since 1999 and have sponsored a wide range of acquisitions since then, having invested over $250 million of personal and investor equity capital across a range of industries.


This is the 7th acquisition of a Ligue 1 club after, Marseille were bought by US real estate magnate Frank McCourt, the former Los Angeles Dodgers owner.

Gerard Lopez, the Luxembourgish tech and sports investor who owned Lotus F1, brought Lille. Chemical Magnate Dimitry Rybololev from Russia brought AS Monaco.

Polish businessman Waldemar Kita brought Nantes.

Qatari Sovereign Wealth fund Q.I.A. acquired PSG.

A consortium of US and Chinese business people brought Nice


The council vote officially authorised the transfer of rental obligations for the club's Matmut Atlantique ground, owned by the city, from media group M6, Bordeaux's owners for 19 years, to the US fund, General American Capital Partners (GACP).


Bordeaux mayor Alain Juppe said that the council had received clarifications about the transfer of rental obligations to GACP. "We received the same level of guarantees (from GACP) as we had in the past," he said.

Copyright Redstone Advisory Partners 2018

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