OneTeam Partners (OneTeam), the leader in commercializing group licensing rights of professional and collegiate athletes, has announced that HPS Investment Partners, Atlantic Park Strategic Capital Fund and Morgan Stanley Tactical Value are joining as investment partners. The syndicate replaces RedBird Capital Partners who founded OneTeam in 2019 alongside the NFL Players Association and MLB Players Association. This transaction positions OneTeam for its next chapter of growth, with significant opportunities to diversify the business and expand into new areas.
Latham & Watkins LLP represents the NFL Players Association in the transaction with an entertainment, sports and media team led by Century City partner Adam Sullins, with associates Liliana Ranger and Omeed Anvar; and an equity investment team led by San Diego partner Nadia Sager, with associates Kristin Bisely and Giannina Marciano. Advice was also provided on finance matters by New York partner Kendra Kocovsky and Los Angeles partner Ted Dillman; and on tax matters by Century City partner Pardis Zomorodi.