Milbank LLP has advised Charterhouse Capital Partners on the acquisition of a majority stake in Two Circles. The deal is expected to close in the first quarter of 2024. Two Circles is an international data-driven sports marketing company partnering with more than 400 sports properties. It has long-term partnerships with a large number of blue-chip sports properties globally, including the NFL, the IOC, International Cricket Council, LA28, F1, Premier League, UEFA, and FIFA. The firm represented Charterhouse on all aspects of the transaction. The Milbank team was led by partners Jordan Simpson and Paul Buchan (both Corporate/M&A) and included associates Ronan Craig, Daniel Woods and Aoibheann Harkin, along with trainee Jordan Crowe (all Corporate/M&A). Equity co-investment and management incentivisation was handled by partner James McClymont (Corporate/M&A) and associate Michael Terry (Corporate/M&A). The team also included partners Ajal Notowicz (Antitrust) and Alan Rafferty (Tax), associates Charl Van der Merwe (Antitrust) and Cosmos Fung and Jade Du Berry (both Tax), as well as trainee Charlie Thomas (Antitrust).