• Home
  • News
  • Analysis
  •  
    Regions
    • Australasia
    • Southeast Asia
    • Greater China
    • North Asia
    • South Asia
    • North America
    • Europe
    • Central Asia
    • MENA
  •  
    Funds
    • LPs
    • Buyout
    • Growth
    • Venture
    • Renminbi
    • Secondary
    • Credit/Special Situations
    • Infrastructure
    • Real Estate
  •  
    Investments
    • Buyout
    • Growth
    • Early stage
    • PIPE
    • Credit
  •  
    Exits
    • IPO
    • Open market
    • Trade sale
    • Buyback
  •  
    Sectors
    • Consumer
    • Financials
    • Healthcare
    • Industrials
    • Infrastructure
    • Media
    • Technology
    • Real Estate
  • Events
  • Chinese edition
  • Data & Research
  • Weekly Digest
  • Newsletters
  • Sign in
  • Events
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)870 240 8859

      Email: customerservices@incisivemedia.com

      • Sign in
     
      • Saved articles
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • RSS
    • Twitter
    • LinkedIn
    • Newsletters
  • Free Trial
  • Subscribe
  • Weekly Digest
  • Chinese edition
  • Data & Research
    • Latest Data & Research
      2023-china-216x305
      Regional Reports

      The reports review the year's local private equity and venture capital activity and are filled with up-to-date data and intelligence on fundraising, investments, exits and M&A. The regional reports also feature information on key companies.

      Read more
      2016-pevc-cover
      Industry Review

      Asian Private Equity and Venture Capital Review provides an independent overview of the private equity, venture capital and M&A activities in the Asia region. It delivers insights on investments made, capital raised, sector specific figures and more.

      Read more
      AVCJ Database

      AVCJ Database is the ultimate link between Asian dealmakers and those who provide advisory, financial, legal and technological services to the private equity, venture capital and M&A industries. It is packed with facts and figures on more than 153,000 companies and almost 117,000 transactions.

      Read more
AVCJ
AVCJ
  • Home
  • News
  • Analysis
  • Regions
  • Funds
  • Investments
  • Exits
  • Sectors
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)870 240 8859

    Email: customerservices@incisivemedia.com

    • Sign in
 
    • Saved articles
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
AVCJ
  • Australasia

US sports, media-focused GP backs Australia's PMY Group

sport
  • Justin Niessner
  • 31 July 2023
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Save this article  
  • Send to  

Bluestone Equity Partners, a US private equity firm specialising in sports and media, has made an investment of undisclosed size in Australia’s PMY Group, an IT provider for stadiums and arenas.

This is Bluestone’s first investment. The New York-based GP, which has significant ties with global sporting organisations, closed its debut growth fund in February on USD 300m claiming “major institutional backing.” It also marks PMY’s first institutional capital raise since its inception in 2009.

PMY designs and manages IT-related systems for venues and events, including crowd intelligence, digital scoreboards and billboards, acoustics and noise control, experiential lighting, security and surveillance, and control room and production technologies.

The offering, which includes a wholly owned design firm called WJHW, is said to help venues of all types deliver a safe, secure, and engaging experience, while optimising operations and driving revenue growth. The company describes the infrastructure technology market as fast-growing and has moved to expand its model beyond sports and entertainment to public facilities such as airports and universities.

PMY claims to have delivered more than USD 1bn worth of technology services to more than 1,000 venues and events globally. In the US alone, it has done technical design work for most of the major professional sports venue developments, including 29 of the 30 most recent projects for the National Football League (NFL), 28 of 30 for Major League Baseball (MLB), and most of the work required by Major League Soccer (MLS).

The company has been active in 14 countries; headquarters in Melbourne are supported by bases in the US and UK. Asian activity includes signing on as the end-to-end technology delivery partner for Hong Kong’s Kai Tak Sport Park, a multi-purpose venue currently under construction.

PMY plans to leverage Bluestone’s strategic connections in a mixed organic and inorganic expansion driver, relocating headquarters from Australia to the US. Its existing US base is outside of Dallas. Basketball, an area of strength at Bluestone, appears to be a growth area.

Bluestone is led by Bobby Sharma, a sports and media industry veteran who spent nine years in senior roles at the NBA. He has also worked in e-sports and served as head of basketball at sports talent management company IMG.

Sharma’s private equity experience includes setting up generalist VC firm NextGen Venture Partners and investing as a partner at specialist buyout and growth investor GACP Sports. He sits on the board of several US sporting organisations.

“Through hard work, strategic and accretive M&A, and great leadership, [PMY founder Paul Yeomans] and his management team have built an incredible business with a massive addressable market,” Sharma said in a statement. “PMY’s value-add has become more relevant and impactful in the sports, media & entertainment industry over time, and now serves critical needs for a wide variety of infrastructure.”

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Save this article  
  • Send to  
  • Topics
  • Australasia
  • North America
  • Consumer
  • Support services
  • Technology
  • Media
  • Expansion
  • Australia
  • USA
  • sports & entertainment
  • digitalization
  • Growth capital
  • Bluestone Equity Partners

More on Australasia

roller-mark-luke-finn
Insight leads $50m round for Australia's Roller
  • Australasia
  • 10 Nov 2023
simon-feiglin-riverside
Deal focus: Riverside flourishes in Australia
  • Australasia
  • 08 Nov 2023
power-grid-electricity-energy
Energy transition: Getting comfortable
  • Australasia
  • 08 Nov 2023
jean-eric-salata-baring-2019
Q&A: BPEA EQT’s Jean Eric Salata
  • GPs
  • 08 Nov 2023

Latest News

world-hands-globe-climate-esg
Asian GPs slow implementation of ESG policies - survey

Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...

  • GPs
  • 10 November 2023
housing-house-home-mortgage
Singapore fintech start-up LXA gets $10m seed round

New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.

  • Southeast Asia
  • 10 November 2023
india-rupee-money-nbfc
India's InCred announces $60m round, claims unicorn status

Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”

  • South Asia
  • 10 November 2023
roller-mark-luke-finn
Insight leads $50m round for Australia's Roller

Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.

  • Australasia
  • 10 November 2023
Back to Top
  • About AVCJ
  • Advertise
  • Contacts
  • About ION Analytics
  • Terms of use
  • Privacy policy
  • Group disclaimer
  • RSS
  • Twitter
  • LinkedIn
  • Newsletters

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013