Ropes & Gray Advises Genstar Capital in Investment in Blue Star Sports
Ropes & Gray represented leading middle-market private equity sponsor Genstar Capital in its majority equity investment in Blue Star Sports, a leading provider of sports management software and payment solutions. In addition to investing, Genstar has made a substantial commitment to Blue Star to fund future acquisitions. The capital will be used primarily to fund strategic acquisitions and continue Blue Star's organic growth in North America and internationally.
The transaction was announced April 10. Financial terms were not disclosed.
Blue Star Sports offers league and team management solutions designed for use by coaches, players/parents, and volunteers. The company's tools allow easy registration for sports organizations and an ability to efficiently collect payment and registration fees. Blue Star also hosts team websites and customized mobile applications for use on any device, and back office management systems to help players and parents stay organized by coordinating functions such as roster management, schedules, and collection of athlete data.
The Ropes & Gray team included private equity transactions partner Howard Glazer (San Francisco), tax partner Leo Arnaboldi (New York), executive compensation & employee benefits partner Jennifer Rikoski (Boston), intellectual property transactions partner Megan Baca (Silicon Valley), labor & employment associate Jennifer Cormier (Boston) and tax associate Brian Harris (New York).
Ropes & Gray has previously advised San Francisco-based Genstar Capital in numerous transactions, including Genstar’s recent acquisition of Bracket, a scientifically driven clinical trial technology and specialty services provider, from Parthenon Capital Partners.