Following CVC’s official unveiling of the Gujarat Titans yesterday – the new name for the private equity-backed IPL franchise – A&W Capital is also pleased to announce its role as exclusive financial advisor to CVC in its winning bid for the IPL franchise.
The successful acquisition of the franchise rights by the global private equity firm marks an important moment for the IPL and will be the largest institutional investment ever made in cricket globally.
A&W Capital, a unique UK-based cross-border investment advisory firm specializing in the sports, gaming and digital media sectors, has been delighted to act as sole lead adviser on this landmark transaction. .
CVC, the world’s largest sports-focused private equity firm, has worked closely with A&W Capital over the past few years to develop and execute their overall cricket strategy, of which IPL is an integral part.
A&W’s industry expertise and strong relationships across the global cricket landscape and wider sports ecosystem were key to achieving this successful outcome.
Commenting on A&W Capital’s role in the project, CVC’s global head of sports, media and entertainment, Nick Clarry, said: “Matthew and the team at A&W Capital were pivotal in winning the IPL franchise in Gujarat, providing both strategic sports advice and tactical insights into the auction, working alongside the CVC team every step of the way.
Matthew Wheeler, CEO of A&W Capital, said, “We are honored to have been part of the CVC team on this iconic transaction.
CVC is a premier global sports investor with a strong presence in India, making it a great partner for the IPL.
It is a pleasure and a privilege to work with them.
In my view, 10 years from now, CVC’s acquisition of an IPL franchise will be seen as the catalyst for a wave of global investment in the wider Indian sports ecosystem.
Paroksh Gupta, MD, A&W Capital said, “This marks a huge vote of confidence from the international investment community for IPL and the broader emerging opportunity in Indian sports.
I am delighted that A&W is uniquely placed to play a vital role in promoting future investment and business activity in sports as well as adjacent areas such as gaming and digital media.
“A&W Capital’s experience in the sports and media landscape, its unique relationships within a network of global strategies and its wide geographic reach through its offices in London and Mumbai have placed them in a favorable position to advise investors and rights holders seeking opportunities in cricket, or the wider sports network.
Their team, a diverse group of sports marketing veterans, former professional sports people and execution-focused bankers, has advised a number of organizations on their business strategy – ranging from start-up startups to sports rights holders and established investors.
About A&W CapitalA&W Capital was founded in 2016 by Matthew Wheeler – a sports investment specialist with over three decades of experience in business management, mergers and acquisitions, investments and value creation for shareholders.
A&W Capital is a unique cross-border investment advisory firm focused on the sports, digital media and gaming sectors.
Our main objective is to act as a bridge between India and international markets, identifying and serving opportunities in our specialist areas.
The construction of the Indian platform is led by Paroksh Gupta who joined A&W Capital in early 2020.
Prior to joining A&W Capital, Paroksh spent 7 years at global investment firm KKR and 2 years at Bank of America Merrill Lynch.
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