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Brisbane Bullets bought by US private equity firm

Private equity investment firm Brisbane Basketball USA LLC has been advised on the purchase of Brisbane Bullets Pty Ltd.

October 28, 2019 • By Jerome Doraisamy
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Brisbane Bullets

Source: facebook.com/pg/BrisbaneBullets/photos/?ref=page_internal

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Firm: DWF (Brisbane Basketball USA LLC); unknown (Brisbane Bullets Pty Ltd).

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Deal: Brisbane Basketball USA LLC – which is backed by American sports executive and investor Jason Levien and retired NBA player Kevin Martin – has purchased NBL team Brisbane Bullets, marking the private equity investment firm’s first foray into the Australian market.

Area: M&A.

Value: Unknown.

Key players: The deal was managed by DWF supervising lawyer Mat Jessep.

Deal significance: Speaking about the deal, Mr Jessep said: “It’s an exciting time for the Bullets with the move to a new stadium, a strong roster of quality players, great coaching and now this partnership [with] Jason and Kevin.”

Mr Martin added: “Mat’s commitment and professionalism was first-rate. We look forward to continuing our relationship in the future.”

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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