November 27, 2019 / 1:46 PM / 4 months ago

From Madison Square Garden to Alibaba, Silver Lake's $43 billion empire

LONDON (Reuters) - U.S. private equity firm Silver Lake has bought a 10% stake in Manchester City’s Abu Dhabi-controlled owner, adding to its $43 billion worth of investments which include the world’s best-known sports venues and teams as well as technology companies.

Soccer Football - Premier League - Manchester City v Chelsea - Etihad Stadium, Manchester, Britain - November 23, 2019 - Picture taken November 23, 2019 - Silver Lake Managing Director Egon Durban (R) and Manchester City chairman Khaldoon Al Mubarak in the stands REUTERS/Andrew Yates/File Photo

Its portfolio generates more than $230 billion in revenue each year, according to its website.

Among its investments are stakes in the following companies:

Chinese e-commerce giant Alibaba Group

Chinese ride hailing firm Didi Chuxing

World’s No. 3 PC maker Dell Technologies

Madison Square Garden Co, which owns the eponymous arena and other assets including stakes in the New York Knicks basketball and Rangers hockey teams

Endeavor - U.S. entertainment and talent agency. Its businesses here run the gamut from talent agency WME, which represents the likes of actor Dwayne Johnson, to mixed martial arts promotion company Ultimate Fighting Championship

Fanatics - e-commerce company focused on sports merchandise

Learfield IMG College - largest U.S. collegiate sports marketing company

Oak View Group - U.S. entertainment and sports venue company

TEG - live entertainment and ticketing company based in Australia

Source: Silver Lake website

Reporting by Josephine Mason. Editing by Carmel Crimmins

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