Key Takeaways
- • Harbinger, the investment firm of Mark Cuban and partners, holds a minority ownership stake in the Athletics, acquired in July, and Cuban says baseball investments will withstand the threat of a Major League Baseball lockout.
- • Bregal Milestone announced a majority growth investment in Italy's Nethive, adding to a flurry of cybersecurity dealmaking by private equity general partners.
- • Senior dealmakers interviewed by PE Hub Wire view a potential MLB lockout as a risk to fan interest, but not necessarily to sports asset valuations.
Summary
PE Hub Wire reports that Mark Cuban, whose investment vehicle Harbinger acquired a minority ownership stake in the Athletics in July, is confident that sports team investments will hold their value despite the threat of a Major League Baseball lockout. The article draws on conversations with senior dealmakers on how a potential work stoppage could affect interest in the sport among fans and investors.
In a separate development, Bregal Milestone, the private equity firm, announced a majority growth investment in Nethive, an Italian cybersecurity company. The deal is the latest by a general partner in the sector, which PE Hub Wire describes as experiencing a flurry of cybersecurity transactions.
The coverage underscores two themes for institutional investors: sports franchises remain a niche alternative asset class where high-profile individual investors continue to take positions, and cybersecurity remains a priority for private equity sponsors seeking growth opportunities. The article is a commentary piece from PE Hub Wire's sports and TMT coverage, and no additional deal values were disclosed in the source material.
In a separate development, Bregal Milestone, the private equity firm, announced a majority growth investment in Nethive, an Italian cybersecurity company. The deal is the latest by a general partner in the sector, which PE Hub Wire describes as experiencing a flurry of cybersecurity transactions.
The coverage underscores two themes for institutional investors: sports franchises remain a niche alternative asset class where high-profile individual investors continue to take positions, and cybersecurity remains a priority for private equity sponsors seeking growth opportunities. The article is a commentary piece from PE Hub Wire's sports and TMT coverage, and no additional deal values were disclosed in the source material.
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