Park Lane (investment bank)
Encyclopedia
Park Lane is an investment banking
firm headquartered in Los Angeles, California
which provides sports finance advisory services to a wide variety of clients in the sports industry.
. Mr. Kline was drafted by the St. Louis Rams
in 2000 but retired from the NFL in 2003 due to concussion-related injuries. After rehabilitating his injuries, Kline made several successful real estate investments and shortly thereafter was part of a group that attempted to purchase an NHL franchise. After that transaction, Kline realized that there was an unfilled niche in the financial industry for specialized sports-related financial services. He formed Park Lane to provide these services along with relevant sports experience. Since its inception, Park Lane has expanded its range of services far beyond acquisitions and sales of franchises and now also advises all types of sports-related businesses with a broad range of financial services.
Today, Park Lane primarily provides M&A advisory, corporate finance
, financial advisory, and restructuring
to sports teams and sports-related businesses. Park Lane has worked with teams and investors in the NBA, NFL, NHL, and MLS
; past clients include the San Diego Padres
, the Memphis Grizzlies
, the Tampa Bay Lightning
, and the Anaheim Ducks
among many others. Park Lane also serves sports-related businesses which have included Golfsmith, the Los Angeles Marathon, and the Digital Action Sports Network.
.
In 2009, Park Lane provided buy-side M&A for Golfsmith's acquisition of MacGregor Golf
.
In 2010, Park Lane advised Michael Reinsdorf on the sale of the Stockton Thunder
in the largest ever ECHL
team acquisition, Retrieved July 7, 2010.
In 2010, Park Lane advised ElliptiGo, an early stage outdoor fitness company, on a capital raise to fund growth and product introduction.
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
firm headquartered in Los Angeles, California
Los Angeles, California
Los Angeles , with a population at the 2010 United States Census of 3,792,621, is the most populous city in California, USA and the second most populous in the United States, after New York City. It has an area of , and is located in Southern California...
which provides sports finance advisory services to a wide variety of clients in the sports industry.
History
Park Lane was formed in 2005 by former NFL lineman Andrew KlineAndrew Kline
Andrew William Kline, , is a retired American football player. Kline was selected by St. Louis Rams in the seventh round of the 2000 NFL Draft with the #220 overall pick.-Early life:...
. Mr. Kline was drafted by the St. Louis Rams
St. Louis Rams
The St. Louis Rams are a professional American football team based in St. Louis, Missouri. They are currently members of the West Division of the National Football Conference in the National Football League . The Rams have won three NFL Championships .The Rams began playing in 1936 in Cleveland,...
in 2000 but retired from the NFL in 2003 due to concussion-related injuries. After rehabilitating his injuries, Kline made several successful real estate investments and shortly thereafter was part of a group that attempted to purchase an NHL franchise. After that transaction, Kline realized that there was an unfilled niche in the financial industry for specialized sports-related financial services. He formed Park Lane to provide these services along with relevant sports experience. Since its inception, Park Lane has expanded its range of services far beyond acquisitions and sales of franchises and now also advises all types of sports-related businesses with a broad range of financial services.
Present
Corporate finance
Corporate finance is the area of finance dealing with monetary decisions that business enterprises make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize shareholder value while managing the firm's financial risks...
, financial advisory, and restructuring
Restructuring
Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs...
to sports teams and sports-related businesses. Park Lane has worked with teams and investors in the NBA, NFL, NHL, and MLS
Major League Soccer
Major League Soccer is a professional soccer league based in the United States and sanctioned by the United States Soccer Federation . The league is composed of 19 teams — 16 in the U.S. and 3 in Canada...
; past clients include the San Diego Padres
San Diego Padres
The San Diego Padres are a Major League Baseball team based in San Diego, California. They play in the National League Western Division. Founded in 1969, the Padres have won the National League Pennant twice, in 1984 and 1998, losing in the World Series both times...
, the Memphis Grizzlies
Memphis Grizzlies
The Memphis Grizzlies are a professional basketball team based in Memphis, Tennessee, USA. The team is part of the Southwest Division of the Western Conference in the National Basketball Association . Along with the Toronto Raptors, the Grizzlies were established in 1995 as part of the NBA's...
, the Tampa Bay Lightning
Tampa Bay Lightning
The Tampa Bay Lightning are a professional ice hockey team based in Tampa, Florida. They are members of the Southeast Division of the Eastern Conference of the National Hockey League . They have one Stanley Cup championship in their history, in 2003–04. They are often referred to as the...
, and the Anaheim Ducks
Anaheim Ducks
The Anaheim Ducks are a professional ice hockey team based in Anaheim, California, USA. They are members of the Pacific Division of the Western Conference of the National Hockey League...
among many others. Park Lane also serves sports-related businesses which have included Golfsmith, the Los Angeles Marathon, and the Digital Action Sports Network.
List of Major Transactions
In 2008, Park Lane provided buy-side M&A advisory for the acquisition of the Tampa Bay LightningTampa Bay Lightning
The Tampa Bay Lightning are a professional ice hockey team based in Tampa, Florida. They are members of the Southeast Division of the Eastern Conference of the National Hockey League . They have one Stanley Cup championship in their history, in 2003–04. They are often referred to as the...
.
In 2009, Park Lane provided buy-side M&A for Golfsmith's acquisition of MacGregor Golf
MacGregor Golf
MacGregor Golf is a sports equipment company based in Albany, Georgia which specializes in golf, producing a full range of golf clubs, accessories and clothing....
.
In 2010, Park Lane advised Michael Reinsdorf on the sale of the Stockton Thunder
Stockton Thunder
The Stockton Thunder are a minor league professional ice hockey team from Stockton, California. The Thunder are a member of the ECHL, and began playing in the 2005–06 season. The Stockton Arena is their home ice, providing a capacity for 9,737 fans...
in the largest ever ECHL
ECHL
The ECHL is a mid-level professional ice hockey league based in Princeton, New Jersey with teams scattered across the United States...
team acquisition, Retrieved July 7, 2010.
In 2010, Park Lane advised ElliptiGo, an early stage outdoor fitness company, on a capital raise to fund growth and product introduction.