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The strategic investment marks Ares’ entry into SailGP, reinforcing the growing momentum behind the global racing championship. Ares joins a consortium of investors in the France SailGP Team, including international football superstar Kylian Mbappé.
A leading global alternative investment manager, Ares Management has an extensive track record in sports, media and entertainment investing. Ares’ investment in the France SailGP team expands its existing portfolio of professional sports team investments, including Inter Miami CF, McLaren Racing and Atlético de Madrid, among others.
The Rolex SailGP Championship brings together national teams that compete in identical high-tech, high-speed 50-foot foiling catamarans at venues around the world, racing at speeds approaching 100 km/h (60 mph).
A Hogan Lovells team from the firm’s New York, London, Paris and Boston offices represented Ares. The team was led by New York managing partner Michael Kuh and partners James Cross (London) and Hélène Parent (Paris), and included senior associates Shaida Mirmazaheri (Boston) and Gautier Valdiguié (Paris), and associate Andrew Poole (London).
Additional support was provided by partners Jessica Millet (New York) and Ludovic Geneston (Paris), counsel Alexis Caminel (Paris), senior associates Elizabeth Adams (New York) and Adrian Gaina (Paris), and associate Paul de Boishebert (Paris).
More on this transaction can be found here.