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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. Get the full story »
The city of Glendale, Ariz., says a prospective buyer of the Phoenix Coyotes hockey team has deposited $25 million in an escrow account “in a show of good faith.”
Glendale, in a news release Friday, said the buyer has asked for confidentiality because negotiations are ongoing, but there have been multiple reports the city has been in talks with Chicago investor Matthew Hulsizer.
The figure is equal to the amount of city funds Glendale had deposited, at the NHL’s insistence, to cover potential losses for the coming season while a local buyer was sought. Get the full story »
