MELBOURNE, Australia--(BUSINESS WIRE)--Melbourne Victory, one of Australia's most storied soccer clubs, and Advantage Capital Holdings, LLC’s wholly owned subsidiary, ACM Delegate LLC (together “A-CAP”), are pleased to announce the successful divestiture of the interests controlled by A-CAP in Melbourne Victory. The transaction marks a pivotal moment in the Club's history, seeing the exit of 777 Partners’ involvement with the Club and setting the stage for future growth and success for Victory, both on and off the field.
Melbourne Victory Chairman, John Dovaston said, “We are grateful for the support we have had from A-CAP since taking control of 777’s interests in the Club and we are excited about the next chapter. This transaction will help the Club stabilize its shareholder base and clear the path for future investment that will in turn strengthen Melbourne Victory moving forward.”
A-CAP Portfolio Manager, David Shaw said, "We are grateful for the opportunity to have been part of this journey. It is with great confidence and optimism that A-CAP passes the torch onward, knowing that the Club is in capable and visionary hands. We are excited to see how this new chapter unfolds and are confident that Melbourne Victory will continue to thrive and achieve new heights. We wish the Club the best and are grateful that A-CAP could help facilitate positioning the club to capture the bright future ahead of them, while simultaneously delivering a valuable outcome for our policyholders.”
About Melbourne Victory F.C.
A Foundation Club in the A-Leagues, Melbourne Victory has a proud history of achievements in Australian football, having won 4 Championships, 3 Premiers Plates and 2 Australia Cups in the A-League Men’s and 3 Championships and 1 Premiers Plate in the A-League Women’s. The Club is renowned for its passionate fan base and commitment to excellence both on and off the field.
About A-CAP
A-CAP is a holding company owning multiple insurance and financial businesses on its unique and synergistic platform. These businesses include primary insurance carriers, an SEC registered investment adviser, reinsurance vehicles and marketing organizations. With broad knowledge across the insurance and investment sectors, A-CAP’s management team has diverse experience and provides comprehensive services to policyholders, insurance company clients and capital partners. Launched in 2013, A-CAP is a privately held company with offices located in New York, Charleston and Salt Lake City. For more information, visit www.acap.com.
Moelis & Company, LLC acted as exclusive financial advisor to A-CAP in connection with the sale, with DLA Piper Australia acting as legal counsel to A-CAP. Lion Advisory acted as financial advisor to Melbourne Victory F.C. with K&L Gates acting as legal counsel in connection with the transaction.
Contacts
MEDIA:
media@acap.com