Overview
- Goldman Sachs Alternatives’ private equity unit is acquiring control through a majority investment in Excel Sports Management.
- Multiple outlets report a valuation near $1 billion, though neither party disclosed financial details.
- Closing remains subject to customary regulatory review, and no expected completion date has been provided.
- Shamrock Capital, which bought a minority stake in 2020, will exit the agency as part of the transaction.
- Excel represents roughly 750 clients, including Caitlin Clark, Tiger Woods, Nikola Jokić and Jared Goff, and named Moelis, Katten Muchin Rosenman, Latham & Watkins and LionTree as advisors as Goldman extends a sports strategy formalized in 2023.