Celtics Sold to Tech CEO for a Reported $6.1 Billion, NBA Record Price

Celtics Sold to Tech CEO for a Reported $6.1 Billion, NBA Record Price

A group of investors led by tech CEO William Chisholm and backed by private equity fund Sixth Street has reached an agreement to buy the Boston Celtics, according to reports. The price is a record high for an NBA team. 

Chisholm is the managing partner of Symphony Technology Group.

According to Sportico, Chisholm has agreed to buy the team in two stages, which was the stated goal of the Celtics’ current ownership, led by the Grousbeck family. The deal values the team at $6.1 billion in the first payment.”

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“Irving and Wyc Grousbeck announced the deal Thursday morning in a letter to Celtics investors. Sixth Street has committed more than $1 billion to the deal, according to multiple people familiar with the process. The group also includes Rob Hale, a current Celtics investor, and Bruce A. Beal Jr., president of Related Companies,” added Sportico.

 

Chisholm's Bio

Bill Chisholm is a co-founder of STG and serves as the firm’s Managing Partner and Chief Investment Officer. At STG, Bill leads the firm’s investment activities and assumes a hands-on approach in the day-to-day management of STG companies. From strategic discussions to mining innovation opportunities, Bill acts as a sounding board on a variety of issues.

Bill has led many STG investments, including AFS Technologies (sold to Telus), Aldata (now SymphonyEYC), Cadmium, CAI Software, Capco (sold to FIS), CoreOne (sold to Markit), Dodge Construction Data, eProductivity Software, First Advantage (sold to Silver Lake Partners), IMI (merged with CDC Corp.), Intentia (merged with Lawson Software), GERS (sold to Ecometry/GGC), IRi (sold to New Mountain), JobRapido,  Skyhigh Security and Trellix (from the combination of McAfee Enterprise and FireEye), MSC Software (sold to Hexagon), RSA, Symphony Services (merged with Teleca to become Symphony Teleca, sold to Harman), Symphony Talent, Symphony Marketing Solutions (sold to Genpact), Trace One, Ventiv (sold to Tailwind Capital), and Winshuttle (sold to Precisely).

Prior to co-founding STG, Bill co-founded The Valent Group and also worked at Bain & Company and PaineWebber, Inc.

Bill graduated from Dartmouth College with a Bachelor of Arts degree and from The Wharton School with an MBA with Distinction. He currently sits on the board of directors for Cadmium, CAI Software, Dodge, eProductivity Software, Jobrapido, RSA, Skyhigh Security, Symphony Talent, Trace One, and Trellix.