News & Insights

Cases & Deals

February 4, 2019

Ames Watson acquires Lids Sports Group

King & Spalding advised Ames Watson, LLC (“Ames Watson”), a Bethesda-based private equity firm, in (x) its $125 million acquisition of The Lids Sports Group (“Lids”) from Genesco Inc. through its new portfolio company, FanzzLids Holdings, LLC, a joint venture between Ames Watson and Fanatics, Inc., (y) a revolving credit facility with PNC Bank, National Association and (z) a private placement of FanzzLids Holdings’ equity.  Lids is the largest brick-and-mortar retailer of licensed sports apparel in the United States and compliments Ames Watson’s 2018 acquisition of Fanzz, another domestic sports apparel and team gear retailer.