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Investing.com -- The Boston Celtics, a prominent NBA team, has attracted a bid from a consortium that includes Bill Chisholm, co-founder of STG Partners, according to Bloomberg News, citing sources familiar with the situation.
Chisholm, in his capacity as the managing partner and chief investment officer of STG, is known for his significant contributions to the private equity firm. STG Partners is particularly recognized for its investments in software and other technology businesses.
The consortium bidding on the Boston Celtics is collaborating with Goldman Sachs Group Inc (NYSE:GS). in its efforts, one of the anonymous sources revealed.
Chisholm’s STG made headlines in 2023 when it closed its seventh and largest fund, raising a total of $4.2 billion. This move showcased the firm’s significant financial capabilities and its potential to make substantial investments, such as the bid for the Boston Celtics.
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