Investment firm Sixth Street Partners is nearing a deal to buy a majority stake in sports-and-entertainment events company Legends Events & Hospitality. The deal is expected to value Legends at $1.3 billion including debt, the people said.
Formed in 2008, Legends is a joint venture of Yankee Global Enterprises LLC and Jerry Jones of the Dallas Cowboys. Minority investors include Goldman Sachs and CIC Partners.
Goldman sold its stake in 2012. The remaining owners sold a significant minority stake to private-equity firm New Mountain Capital in 2017 in a deal that valued the company at more than $700 million.