A&O Shearman has taken a lead role for private equity giant Apollo on its acquisition of Spanish football club Atlético Madrid, in a deal reportedly valued at more than €2bn.
The transatlantic firm is advising Apollo Sports Capital (ASC), a new $5bn investment vehicle launched by Apollo in September. The acquisition of the club – one of the closest competitors to Spanish giants Real Madrid and Barcelona – marks the fund’s first major investment in football.
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