Andell Holdings

Andell Inc. (formerly known as Andell Holdings, LLC) is a private investment firm and family office. Andell manages assets that grew out of the family’s controlling position of The Seagram Co. Ltd. Andell’s current activities include direct and indirect investments in public and private companies, real estate, and partnerships with investment managers.[2][3]

Andell Inc.
TypePrivate
IndustryPrivate equity, Holding Company,Investment Company
FounderAndrew Hauptman
HeadquartersLos Angeles, United States
Key people
Andrew Hauptman[1]
Number of employees
20
Websiteandellinc.com

Key Interests

Chicago Fire Soccer Club

In 2007, Andell purchased the Major League Soccer team, the Chicago Fire from the Anschutz Entertainment Group for $35 million.[4][5][6] In 2018, Hauptman sold a minority stake in the Fire to Joe Mansueto, founder of Morningstar, Inc.[7] In July 2019, after several months of negotiations, it was announced that the Fire had reached a deal to leave SeatGeek Stadium at the start of the 2020 season in order to return to downtown Chicago and play at Soldier Field.[8][9] In September 2019, Mansueto paid $204 million to acquire the remaining fifty-one percent of the team, which would value the franchise at $400 million.[10][11][12] Mansueto credits Hauptman for "working tirelessly to dramatically increase the profile of the Chicago Fire Soccer Club, MLS, and the game overall."[13][10][14]

Real Estate

Notable Deals:

  • 2013: San Francisco-based Ridge Capital Investors and an affiliate of Andell Inc. bought a 105-unit apartment portion of the LeSarra project for $22.8 million[15]
  • 2014: Pacific Capital sold the 136-unit Sierra Ridge Apt. complex in Roseville, CA to Ridge Capital Investors and an affiliate of Andell, Inc. for $18 million[16]

Direct Investments

Andell makes direct investments in companies through itself or various subsidiaries.

Notable investments:

  • 2013: TrueCar[17]
  • 2013: BSN SPORTS/Herff Jones merger[18]
  • 2014: PODs Enterprise[19]
  • 2015: Capital Vision Services[20]

Key People

Andrew Hauptman is Chairman of Andell Inc.[21][22] He oversees the firm’s investment, operating, sports, real estate and media businesses.[23]

History

Andell Inc. was named after Andrew and Ellen Bronfman Hauptman (daughter of Charles Bronfman), the two principal owners,[24] using the first portions of each of their names (ANDrew and ELLen).

References
  1. "Company Overview of Andell Holdings, LLC". Bloomberg Businessweek. Retrieved 30 November 2013.
  2. Company Overview of Andell Holdings, LLC June 8, 2015
  3. BSN SPORTS to Merge With Herff Jones May 16, 2013
  4. "Hauptman to Purchase Chicago Fire". Thesportsbizblog.blogspot.com. July 12, 2007. Retrieved December 3, 2011.
  5. Gentile, Gary (Sep 6, 2007). "Andell Holdings Buys MLS' Chicago Fire". Washington Post. Retrieved Sep 6, 2007.
  6. Chicago Fire Foundation Announces Expansion of P.L.A.Y.S. Program March 2, 2015
  7. Bannon, Tim (July 11, 2018). "Chicago billionaire Joe Mansueto buys 49 percent stake in Fire". Chicago Tribune. Retrieved July 11, 2018.
  8. Mikula, Jeremy. "Chicago Fire reach deal with Bridgeview to leave SeatGeek Stadium for $65.5 million". chicagotribune.com. Retrieved 2019-09-06.
  9. "ASAP Sports Transcripts - Soccer - 2019 - PRESS CONFERENCES - CHICAGO FIRE MEDIA CONFERENCE - July 17". www.asapsports.com. Retrieved 2019-09-06.
  10. "Chicago Fire owner Andrew Hauptman sells majority stake in MLS franchise - SportsPro Media". www.sportspromedia.com. Retrieved 2019-11-12.
  11. Smith, Chris. "Billionaire Joe Mansueto Completes Purchase Of Chicago Fire At $400 Million Valuation". Forbes. Retrieved 2019-11-12.
  12. Rivera, Paul Tenorio and Guillermo. "Andrew Hauptman sells Chicago Fire to minority owner Joe..." The Athletic. Retrieved 2019-11-12.
  13. Bannon, Tim. "Billionaire Joe Mansueto takes full ownership of the Chicago Fire". chicagotribune.com. Retrieved 2019-11-12.
  14. "Joe Mansueto buys Chicago Fire". Crain's Chicago Business. 2019-09-13. Retrieved 2019-11-12.
  15. LeSarra bought by San Francisco investment group
  16. Ridge Capital Investors Joint Venture Acquires Roseville, California Apartment Property
  17. TrueCar Said to Consider IPO Next Year for Online Auto Retailer November 23, 2013
  18. BSN SPORTS to Merge With Herff Jones (Nasdaq) May 16, 2013
  19. PODS Enterprises, Inc. to purchase assets of Storage Mobility, LLC, the nation's largest PODS franchisee March 14, 2014
  20. Investment Groups Altas and CDPQ Invest With Management to Acquire MyEyeDr./Capital Vision Services August 17, 2015
  21. Major League Soccer's Billionaire Owners Nov 20, 2013
  22. Octavia Spencer, Stacey Snider, Carly Rae Jepsen Help Raise $1.5M at City Year Spring Break April 26, 2015
  23. Company Overview of Andell Holdings, LLC June 8, 2015
  24. Forbes: "Major League Soccer's Billionaire Owners" by Charles Smith November 20, 2013
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