Arnold & Porter Advises GMF Capital on Majority Interest Acquisition of Motorsport Network Media
Arnold & Porter recently advised GMF Capital LLC (GMF) on its acquisition of a majority interest in Motorsport Network Media LLC (MSNM), a newly formed entity established to hold the media assets of the Motorsport Group, a global digital media platform specializing in Formula 1 racing and automotive coverage.
The acquisition, which closed on June 27, 2023, included GMF acquiring the controlling interest in MSNM, with an option to buy the remaining minority interest at a later date. GMF Capital is the family office for Gary Fegel which has offices in Switzerland and the United States.
The Arnold & Porter team was led by partner Lowell Dashefsky, co-head of the firm's Private Equity practice. The team also included partner Marisa White, senior associate Eric An, and associates Alexa Krantz and Brady Randall on corporate and finance issues; partner Paul Llewellyn on intellectual property issues; partner Uri Horowitz, associates Kathryn Geoffroy and Pari Sitaula on employment and benefits issues; partner Jami Vibbert and senior associate Alex Altman on privacy, cybersecurity, and data strategy issues; and partner David Sausen and associate Lauren Hoepfner on tax issues.