Oak View Enjoy$ Ca$h Infu$ion

• Silver Lake has made a strategic investment in the Oak View Group (OVG), an entertainment and sports facilities company founded in 2015 by Tim Leiweke and Irving Azoff. This investment will support OVG’s growth strategy, including its arena development projects and other strategic initiatives.

OVG was recently awarded the right to redevelop Key Arena in Seattle with partners David Bonderman and Jerry Bruckheimer, and was an integral part of attracting an NHL expansion team to the market for the first time, generating a deposit campaign of 33,000 tickets in less than two days. OVG also partnered with New York Mets’ COO Jeff Wilpon and the NHL’s New York Islanders to form a group that was awarded the right to build a new arena for the Islanders adjacent to Belmont Racetrack in New York. OVG has also entered the facilities management business through its acquisition of Pinnacle Facility Management, and also owns and operates venue trade publications Venues Now and Pollstar.

Leiweke said, “In less than three years, Oak View Group has made a significant positive impact on the sports and entertainment facilities landscape. I’m very proud of what we have accomplished in such a short time. This deal with Silver Lake provides us with capital to continue to grow our business as well as invaluable expertise and relationships. I’m thrilled to have them as my partner.”

Lee Wittlinger, Managing Director at Silver Lake, said, “Technology’s impact on the global media and entertainment sectors has created new opportunities for OVG. We firmly believe that OVG is positioned to become a world-class franchise in sports and live events. We look forward to working with Tim, Irving, and their team of category experts as a strategic partner in the company’s next phase of growth.” OVG currently has more than 200 employees across offices in Los Angeles, Seattle and New York City.