Post by Miss Alice on Aug 30, 2007 23:08:09 GMT -5
From www.jsonline.com/story/index.aspx?id=321696
Two more investors grab piece of Brewers
Ownership group now stands at 12
By DON WALKER
dwalker@journalsentinel.com
Two previously undisclosed investors from Los Angeles are part of the Milwaukee Brewers' ownership group, according to team officials.
The two bring to 12 the number of investors in the Brewers' ownership group. The group's principal owner is Mark Attanasio, a Los Angeles investor. Attanasio and his group paid $223 million to buy the ballclub from an ownership group led by baseball Commissioner Bud Selig.
The additional investors are Tony Ressler, co-founder and now managing partner of Ares Management LLC, a private investment company, and Jonathan D. Sokoloff, managing partner of Leonard Green & Partners, a private equity firm. Both firms are based in the Los Angeles area.
Ressler is married to film and TV actress Jami Gertz. Ressler and Gertz are longtime friends of the Attanasio family.
Although the ownership group is large, team officials said well over 75% of ownership of the team is controlled by a subset of the ownership group.
That group includes Attanasio, the Lubar family of Milwaukee, and four former owners in the Selig ownership group who rolled over their holdings. Those four are John A. Canning Jr., chairman and CEO of Madison Dearborn LLC of Chicago; Stephen Marcus, chairman and CEO of the Marcus Corp., Milwaukee; Harris J. Turer, president, Hometown Property Management of Glendale and the new principal owner of the Milwaukee Admirals minor-league hockey team; and David Uihlein Jr., president of Uihlein / Wilson Architects of Milwaukee.
The rest of the Attanasio ownership group includes Robert Beyer, president and chief operating officer of Trust Company of the West, the same investment firm where Attanasio is a partner; Jean-Marc Chapus, group managing director of mezzanine investment for TCW; Richard Ressler, principal and founder of the CIM Group Inc., Hollywood, Calif., and the brother of Tony Ressler; and Marc Stern, president of TCW.
One interesting footnote to the ownership group is that six members of the group - Attanasio, Beyer, Chapus, Sokoloff and the Ressler brothers - cut their investment teeth working at Drexel Burnham Lambert.
In the 1980s, Drexel was one of the most successful Wall Street investment firms. The firm's best known executive was Michael Milken, the so-called junk-bond king who later was indicted on racketeering and insider trading charges.
Milken served time in prison and now works as a philanthropist.
Drexel later filed for bankruptcy, and many of its executives, including members of the Brewers' ownership group, went on to successful business careers in the investment sector.
Tony Ressler's Ares Management manages $6.6 billion in assets. Sokoloff is the managing partner at Leonard Green & Partners, a private equity investment firm that managed $3.7 billion in assets.
Richard Ressler is a principal and founder of CIM, a real-estate investment firm based in Hollywood. Like Attanasio, he is an alumnus of Brown University and Columbia University, where he earned his college and law degrees, respectively.
According to the Brewers' media guide, not all of the investors in the team are members of the team's advisory board. Members of the advisory board, led by Attanasio, include Beyer, Turer, Canning, Lubar, Uihlein, Chapus and Richard Ressler. Also on the advisory board is Michael Jones, senior vice president of corporate affairs for the Miller Brewing Co.
Jones is not an equity investor in the team. As part of Miller's naming rights deal at Miller Park, a representative of the brewing company serves on the advisory board.
Two more investors grab piece of Brewers
Ownership group now stands at 12
By DON WALKER
dwalker@journalsentinel.com
Two previously undisclosed investors from Los Angeles are part of the Milwaukee Brewers' ownership group, according to team officials.
The two bring to 12 the number of investors in the Brewers' ownership group. The group's principal owner is Mark Attanasio, a Los Angeles investor. Attanasio and his group paid $223 million to buy the ballclub from an ownership group led by baseball Commissioner Bud Selig.
The additional investors are Tony Ressler, co-founder and now managing partner of Ares Management LLC, a private investment company, and Jonathan D. Sokoloff, managing partner of Leonard Green & Partners, a private equity firm. Both firms are based in the Los Angeles area.
Ressler is married to film and TV actress Jami Gertz. Ressler and Gertz are longtime friends of the Attanasio family.
Although the ownership group is large, team officials said well over 75% of ownership of the team is controlled by a subset of the ownership group.
That group includes Attanasio, the Lubar family of Milwaukee, and four former owners in the Selig ownership group who rolled over their holdings. Those four are John A. Canning Jr., chairman and CEO of Madison Dearborn LLC of Chicago; Stephen Marcus, chairman and CEO of the Marcus Corp., Milwaukee; Harris J. Turer, president, Hometown Property Management of Glendale and the new principal owner of the Milwaukee Admirals minor-league hockey team; and David Uihlein Jr., president of Uihlein / Wilson Architects of Milwaukee.
The rest of the Attanasio ownership group includes Robert Beyer, president and chief operating officer of Trust Company of the West, the same investment firm where Attanasio is a partner; Jean-Marc Chapus, group managing director of mezzanine investment for TCW; Richard Ressler, principal and founder of the CIM Group Inc., Hollywood, Calif., and the brother of Tony Ressler; and Marc Stern, president of TCW.
One interesting footnote to the ownership group is that six members of the group - Attanasio, Beyer, Chapus, Sokoloff and the Ressler brothers - cut their investment teeth working at Drexel Burnham Lambert.
In the 1980s, Drexel was one of the most successful Wall Street investment firms. The firm's best known executive was Michael Milken, the so-called junk-bond king who later was indicted on racketeering and insider trading charges.
Milken served time in prison and now works as a philanthropist.
Drexel later filed for bankruptcy, and many of its executives, including members of the Brewers' ownership group, went on to successful business careers in the investment sector.
Tony Ressler's Ares Management manages $6.6 billion in assets. Sokoloff is the managing partner at Leonard Green & Partners, a private equity investment firm that managed $3.7 billion in assets.
Richard Ressler is a principal and founder of CIM, a real-estate investment firm based in Hollywood. Like Attanasio, he is an alumnus of Brown University and Columbia University, where he earned his college and law degrees, respectively.
According to the Brewers' media guide, not all of the investors in the team are members of the team's advisory board. Members of the advisory board, led by Attanasio, include Beyer, Turer, Canning, Lubar, Uihlein, Chapus and Richard Ressler. Also on the advisory board is Michael Jones, senior vice president of corporate affairs for the Miller Brewing Co.
Jones is not an equity investor in the team. As part of Miller's naming rights deal at Miller Park, a representative of the brewing company serves on the advisory board.