TWG Global

Last updated

TWG Global Holdings, LLC
Company type Private
Industry Conglomerate
Founders
Headquarters
Area served
Worldwide
Key people
Subsidiaries TWG Global subsidiaries
Website www.twgglobal.com
Footnotes /references
[1]

TWG Global Holdings, LLC is an American multinational conglomerate holding company with headquarters in Chicago and New York City. It was founded by Guggenheim Partners co-founder and CEO Mark Walter. Walter currently serves as the company's chief executive officer and co-chairman alongside Thomas Tull. [2]

Contents

History

TWG Global was founded by Guggenheim Partners co-founder and CEO Mark Walter as an investment vehicle and holdings company for his various investments in multiple industries. [3] TWG is a conglomerate invested in six different industries which include; financial services, insurance, artificial intelligence, technology, sports and entertainment, and merchant banking. [4]

Currently, Walter serves as the chief executive officer and co-chairman of TWG alongside Thomas Tull, who also serves as co-chairman. Walter owns 21% of the company. [5]

Financial services

TWG owns multiple financial services companies under its subsidiary Delaware Life Holdings, LLC, including Group 1001 Insurance. [2] [6] [7] TWG is affiliated with Guggenheim Partners (Guggenheim Investments and Guggenheim Securities), as they are the primary source of investment capital for the company. [8] [9]

Sports & entertainment

TWG owns and/or has stakes of several sports teams and franchises, including the Los Angeles Dodgers, Los Angeles Lakers, Los Angeles Sparks, Chelsea F.C., and RC Strasbourg Alsace. [10] [11] [12] [13] [14]

Motorsports

TWG announced in November 2024, that it had acquired full ownership of American auto racing team Andretti Global. [15] This acquisition included the then named Andretti Cadillac Formula 1 team, which at the time, had not been given approval to compete in the 2026 Formula One World Championship by the Formula One Group. [16] However, in the same month, TWG announced that it had been approved by the Formula One Group to compete in 2026 under a new restructured team known as the Cadillac Formula 1 Team. [17] [15] [18]

On February 26, 2025, TWG Global announced the formation of a subsidiary known as TWG Motorsports, which would run all of TWG Global's motorsports organizations. [19] The new company would be helmed by long time Group 1001 Insurance CEO (a Guggenheim subsidiary) Dan Towriss. [20]

Subsidiaries and affiliates

References

  1. ↑ "Organization Chart of the Registrant, the Depositor and DLIC Holdings, LLC". www.sec.gov. Retrieved March 1, 2025.
  2. 1 2 "Organization Chart of the Registrant, the Depositor and DLIC Holdings, LLC". www.sec.gov. Retrieved March 1, 2025.
  3. ↑ "TWG Global - Massinvestor Venture Capital and Private Equity Database". massinvestordatabase.com. Retrieved March 1, 2025.
  4. ↑ "Portfolio | TWG Global Finance". TWG Global. Retrieved March 1, 2025.
  5. ↑ "Bloomberg Billionaires Index: #231 Mark Walter". Bloomberg. Retrieved February 13, 2025.
  6. ↑ "Organization Chart of Delaware Life Holdings Parent, LLC". www.sec.gov. Retrieved March 1, 2025.
  7. ↑ "Delaware Life Holdings Parent II LLC - Company Profile". Bloomberg. Retrieved March 1, 2025.
  8. ↑ "Financial Services Portfolio". TWG Global. Retrieved March 1, 2025.
  9. ↑ Maddaus, Gene (October 6, 2015). "Who Is Dodgers Owner Mark Walter and Where Did He Get All That Money? - LA Weekly" . Retrieved March 1, 2025.
  10. ↑ "Bloomberg Billionaires Index: #231 Mark Walter". Bloomberg. Retrieved March 1, 2025.
  11. ↑ Archives, L. A. Times (December 16, 2012). "Who spent what: Breaking down the $2-billion Dodgers sale". Los Angeles Times. Retrieved March 1, 2025.
  12. ↑ Times, Melissa Rohlin Melissa Rohlin is a former sports reporter for the Los Angeles (February 5, 2014). "Magic Johnson and other Dodgers owners purchase the Sparks". Los Angeles Times. Retrieved March 1, 2025.
  13. ↑ "WNBA Announces Sale of Sparks to Investment Group Led by Magic Johnson and Mark Walter". NBA.com. Retrieved March 1, 2025.
  14. ↑ "AEG Announces Sale of Phil Anschutz' Minority Interest in Lakers to Dodgers Owners Mark Walter and Todd Boehly". www.nba.com. Retrieved March 1, 2025.
  15. 1 2 Brown, Nathan. "Andretti Global parent company unveils longtime NASCAR executives as new leaders". The Indianapolis Star. Retrieved March 1, 2025.
  16. ↑ Wolkin, Joseph. "Andretti Global Clears FIA Approval To Create A Formula 1 Team". Forbes. Retrieved March 1, 2025.
  17. ↑ Smith, Luke. "General Motors enters the grid: Why F1 changed its tune after rejecting Andretti". The New York Times. ISSN   0362-4331 . Retrieved March 1, 2025.
  18. ↑ "GM, Cadillac agree deal for new 2026 F1 entry - Andretti absent". The Race. November 25, 2024. Retrieved March 1, 2025.
  19. ↑ Motorsports, T. W. G. "TWG Global launches TWG Motorsports with brands across F1, INDYCAR, NASCAR and IMSA". www.prnewswire.com. Retrieved March 1, 2025.
  20. ↑ gabbyhamill (February 26, 2025). "TWG Global launches TWG Motorsports with brands across F1, INDYCAR, NASCAR, Formula E and IMSA". Andretti Global. Retrieved March 1, 2025.
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