Paul Hastings LLP advised Ares Capital Corporation as administrative agent, and Ares Capital Management, KKR Credit, Apollo Global Management, Oaktree Capital, HPS Investments, and Goldman Sachs Asset Management as lenders in connection with a definitive agreement for Legends to acquire ASM Global. The definitive agreement for Legends to acquire ASM Global was announced on November 7, 2023 [link].
Legends is a global premium experiences company that specializes in delivering holistic solutions for sports and entertainment organizations, venues, and attractions, including Real Madrid, SoFi Stadium, One World Observatory, Dallas Cowboys, FC Barcelona, University of Notre Dame, New York Yankees, and Ryder Cup, as well as leagues and properties such as the NFL, MLB, NASCAR, PGA of America, and FIFA World Cup. ASM Global manages a portfolio of live event entertainment venues worldwide and provides best-in-class venue operation and content and event booking.
Global Finance co-chairs Jennifer Yount and John Cobb in New York led the Paul Hastings team, which included finance partners Bill Brady, Peter Burke, Seth Chandler, Danny Choi, Jennifer Hildebrandt, Chris Ross, and Kris Villareal, data privacy partner Aaron Charfoos and counsel John Gasparini, intellectual property partner Jane Song, fintech and payments partner Molly Swartz, anti-trust partners Michael Murray and Ryan Phair, tax partner Lucas Rachuba, regulatory and compliance counsel Lawrence Kaplan and Jennifer Riddle, and UCC specialist Stephen Sepinuck, as well as of counsels Marina Begun, Serena Granger, Stacy Hopkins, and Mitchell Zuckerman and associates Andrew Barondess, Sabine Houben, Michael Liu, Stephen Rettger, Sandra Rubinchik, and Harry Townsend.