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Moelis woos NBL team NZ Breakers as sporting M&A action heats up

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The New Zealand Breakers are understood to be in talks with MA Moelis to potentially bring the investment bank on as a strategic adviser, as Tesla chairwoman Robyn Denholm’s investment in rival National Basketball League team Sydney Kings sparks M&A expectations in the sector.

MA Moelis’ bankers have been jockeying for a defence advisory role at the Breakers, betting no doubt the M&A interest in the Sydney Kings would flow on to the second-ranked team in the NBL.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/moelis-woos-nbl-team-nz-breakers-as-sporting-m-and-a-action-heats-up-20230822-p5dyj7