LEARFIELD has closed a deleveraging transaction with private equity firms Fortress, Charlesbank and Clearlake per SBJ's Michael Smith and Bret McCormick. The deal will reduce outstanding debt by over $600M and adds $150M in new investment to fuel growth across the company's five divisions. Endeavor, Silver Lake and Atairos will retain minority equity stakes. LEARFIELD President/CEO Cole Gahagan: “This is a seminal moment for the LEARFIELD team, and we are thrilled for what lies ahead – both for our company, as well as for the thousands of partners we serve. Over the last several years, LEARFIELD has been a leader in innovation and growth throughout the college sports and entertainment industries, and this reboot of our capital structure only positions us for even greater success in the years to come. We’re just getting started.” (link)