April 12, 2011
Tom Gores and Platinum Equity have agreed to acquire Palace Sports and Entertainment and Detroit Pistons Basketball Company. The transaction includes assets such as the NBA's Detroit Pistons, The Palace of Auburn Hills, DTE Energy Music Theatre and the operating rights to Meadow Brook Music Festival. Debt financing is being provided by Comerica Bank, while the Sports Advisory group of Citi Private Bank is advising the sell-side.
© 2022 PitchBook. Win what’s next. All rights reserved.