Friday Mailing #48: Lebron's SpringHill Zigs Where Reese's Hello Sunshine Zagged

Despite both popular “Metaverse” business logic and more line items than Hello Sunshine, SpringHill may have a more conservative valuation than Hello Sunshine

Oct 15, 2021

∙ Paid

Yesterday it was announced that Lebron James’ and Maverick Carter’s SpringHill The SpringHill Company sold a “significant minority stake” to a consortium of investors that includes private equity firm RedBird Capital, Nike, Epic Games and Fenway Sports Group.

The valuation of the deal was $725MM.

The outcome invites obvious comparisons to the $900MM sale …

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