A Madison Dearborn managing director is a member of the investor group seeking to buy the National Hockey League’s Phoenix Coyotes.
George Peinado, who joined the Chicago-based private equity firm seven years ago from DLJ Merchant Banking Partners, confirmed that he’s a “minority investor” in a group headed by Matthew Hulsizer of Chicago-based Peak6.
Peinado, who’s on the board of CDW Corp., Yankee Candle Co., BF Bolthouse Holdco LLC and the Chicago Botanic Garden, stressed that his financial involvement with the NHL investor group is personal and unrelated to his day job at Madison Dearborn.
Peinado’s two children play hockey.
“Our youngest plays with Matt’s youngest boy,” Peinado said Wednesday. Hulsizer is his team’s assistant coach. “He was the head coach last year,” said Peinado. The two families live near each other in Winnetka.
Peinado, a graduate of Stanford University and Dartmouth College, declined to name the other eight to 10 investors in the group.
His involvement was first reported by the Arizona Republic.
Don’t you find it a little strange this late in the game that Hulsizer is trying to find more investors to be able to buy this team.
The group is said to be at 10 investors now. Obviously not a great investment because no one is willing to throw in big money. The city of Glendale has to dish out 100-125 million yet this group of 10 so far only needs to around 40-65 million.