RedBird Capital Partners, Gerry Cardinale’s private-equity firm, has refreshed its dealmaking arsenal with $4.7 billion to pursue more sports, media and financial services businesses after two years studded with some high-profile transactions.
Currently, the New York firm is backing Skydance Media as it negotiates to acquire Paramount Global. RedBird recently closed the acquisition of U.K. production studio All3 Media for £1.15 billion, or roughly $1.5 billion, through a joint venture called RedBird IMI. Around the time it began raising RedBird Capital Partners Fund IV in early 2022, the firm acquired Italian soccer club AC Milan for €1.2 billion, or about $1.3 billion.
Source: WSJ
