Sunday, 29 May 2016
Last updated 1 day ago
Dec 10 2007 | 8:01am ET
An investor group including a hedge fund chief and private equity banker took control of the National Hockey League’s Nashville Predators Friday, and was greeted by a victory.
Predators Holdings, which includes Joel Dobberpuhl, the founder and CEO of hedge fund Jetstream Capital, and Warren Woo, a founding partner of boutique investment bank and private equity manager Moelis & Co., bought the Predators for $193 million. The NHL approved the deal last Thursday.
“We look forward to contributing to the Predators’ success on and off the ice and solidifying the franchise’s future in Nashville,” Predators Holdings Chairman David Freeman said. In their first game under the new regime, the Predators defeated the Anaheim Ducks 4-2.
The group has negotiated changes to the team’s lease of Nashville’s Sommet Center, which still require city approval.