Winston & Strawn Advises ACON Investments

Winston & Strawn advised ACON Investments, a private equity investment firm based in Washington D.C., in the closing of ACON Strategic Partners II, a new single-asset continuation fund of approximately $700 million in connection with the partial sale of its ACON Equity Partners IV portfolio investment in New Era Cap as well as an increase in its existing ownership stake in New Era Cap.

New Era Cap's iconic brand serves as the official headwear license partner for Major League Baseball, the National Football League, and the National Basketball Association as well as 170+ other licensed partnerships around a variety of headwear, apparel, and accessory products.

ACON will manage the continuation fund with the support of their new and continuing limited partners. ACON and AEP IV continue to maintain significant stakes in the company.

Press Release: https://www.prnewswire.com/news-releases/acon-investments-closes-approximately-700-million-continuation-fund-for-new-era-cap-llc-301600180.html

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Brad Vaiana, Co-Lead Partner, New York

Bryan Goldstein, Co-Lead Partner, New York

Zoë Ashcroft, Partner, London

Richard Falek, Partner, New York

Rob Heller, Partner, New York

Beth Kramer, Partner, New York

Austin Leach, Partner, New York

Scott Naidech, Partner, New York

Jordan Traister, Partner, New York

Becky Troutman, Partner, San Francisco

Cole Beaubouef, Of Counsel, New York

Susan Deng, Of Counsel, Shanghai

Anna Evangelou, Advisor, London

Caitlin Baranowski, Associate, New York

Joseph Dimont, Associate, San Francisco

Jacqueline Hu, Associate, New York

Adam Lanza, Associate, New York

Lola Longe, Associate, New York

Karen Neugroschl, Associate, Chicago

Nick Pesavento, Associate, Chicago

Ben Popeck, Associate, New York

Yasaman Rahmani-Givi, Associate, New York

Matthew Williams, Associate, London