Hogan Lovells said it advised private equity firm Arctos Sports Partners on its recent minority investment in Vinik Sports Group, owner of the National Hockey League champion Tampa Bay Lightning.
Tampa-based Vinik retains control as majority owner of the team, whose day-to-day operations won’t change, according to a statement.
Hogan Lovells also advised the Lightning on the transaction, for which no financial details were disclosed. The league said it approved the deal.
Vinik Sports Group, under chairman Jeff Vinik, bought the Lightning in 2010. The team won the NHL’s Stanley Cup championship in 2020 and 2021.
Arctos has made minority investments in Fenway Sports, which owns Major League Baseball’s Boston Red Sox and other professional sports assets. It has also invested in the National Basketball Association’s Golden State Warriors and the Sacramento Kings.