Foley & Lardner LLP served as legal adviser to Bluestone Equity Partners (Bluestone), the global sports, media, and entertainment (SME) private equity firm, in its investment into PMY Group (PMY), a premier international venue, events, and infrastructure technology solutions firm.
PMY marks the first investment for Bluestone, which closed its inaugural $300 million growth equity fund in the first quarter of 2023. Bluestone, differentiated in the SME capital marketplace due to its industry operating experience, global network, stable capital base, and collaborative approach, harnesses a unique combination of blue-chip business and investing experience, coupled with deep industry ties, to forge highly strategic capital partnerships with established SME businesses and properties.
PMY works with venues, major events, and infrastructure builders around the world, providing enterprise-focused strategy, design, and implementation solutions to optimize operations and drive revenue growth. PMY will leverage the investment, along with Bluestone Equity’s deep operating experience in SME and its large global network, to further its growth and international expansion strategy.
The Foley deal team was led by Boston-based partner Julie-Anne Lutfi and included associates Justin Lauria-Banta, Laura Burlot, and Graham MacEwan.