Protiviti assists client in acquiring a
professional sports team and arena complex
Litigation, Restructuring and Investigative Services – M&A Services
Client Challenge
Our client, a minority owner of a professional sports franchise and arena complex, wanted to acquire the
remaining controlling stake in the entities and sought Protiviti’s assistance in raising additional equity capital
and obtaining bank debt financing.
POWERFUL INSIGHTS
As part of the engagement, Protiviti assisted in the capital-raising process wherein we played an active role
interacting with potential equity investors and the secured lender. Our consultants:
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Developed the marketing materials, including investor and lender presentations that were distributed
to potential capital providers.
Prepared integrated financial statement projection models that detailed the entities’ potential
operating performance and key assumptions, including the impact of potential collective bargaining
agreement changes, cost restructuring initiatives and revenue enhancements.
Assisted legal counsel in the review of the credit agreement and assisted in negotiating the financial
covenants of the agreement.
Performed ad hoc financial analyses and scenario-based modeling as requested by interested
parties.
Monitored the company’s cash flows and updated our materials accordingly as the sales process
progressed.
PROVEN DELIVERY
Working closely with the minority owner and all parties involved, we successfully helped close this
high-profile transaction, which provided the desired outcome to our client.
How We Help Companies Succeed
Merging two or more organizations is a complex transaction filled with risk. The best deals follow a structured
and disciplined approach with clear strategic objectives, comprehensive due diligence, detailed integration
plans, and a focus on creating and capturing value. Although such planned approaches may sound simple,
history shows many failed M&A attempts that have resulted in significant impacts to shareholder value.
Our structure allows us to respond quickly to your needs on a global basis with cross-disciplined teams that
bring broad perspectives and extensive expertise capable of leading the transaction PMO and work streams
and diving deep into a variety of business and regulatory issues. With our structure, we are uniquely able to
deploy a flexible delivery model that adapts to the constantly changing fixed and variable resourcing needs of
each transaction.
We have assisted some of the world’s largest organizations with some of the biggest transactions in
history, providing services across a range of operations and assets. We focus on key risk areas like no
other partner you will work with, with our proven project management tools and techniques that help
fully capture the targeted results of your deal.
Contacts
Charles Goldstein
+1.410.454.6830
charles.goldstein@protiviti.com
Byron Traynor
+1.786.264.7166
byron.traynor@protiviti.com
About Protiviti
Protiviti (www.protiviti.com) is a global consulting firm that helps companies solve problems in finance,
technology, operations, governance, risk and internal audit. Through our network of more than 70
offices in over 20 countries, we have served more than 35 percent of FORTUNE® 1000 and Global 500
companies. We also work with smaller, growing companies, including those looking to go public, as well
as with government agencies.
Protiviti is a wholly owned subsidiary of Robert Half International Inc. (NYSE: RHI). Founded in 1948,
Robert Half International is a member of the S&P 500 index.
©2012 Protiviti Inc. An Equal Opportunity Employer. PRO-PKIC-1012-073
Protiviti is not licensed or registered as a public accounting firm and does
not issue opinions on financial statements or offer attestation services.