The single family office of Daniel E. Straus, former CEO of The Multicare Companies, considers the acquisition of the NBA franchise Minnesota Timberwolves. Current owner Glen A. Taylor hired an advisory firm to consult on a possible sale of the NBA team, which could bring up to $1.2BN. Taylor built up the Taylor Corporation – which is today a leading, multinational printing and electronics firm with more than 15,000 employees. He purchased the Timberwolves in 1994.
Straus Single Family Office as a potential buyer
According to Bloomberg, the Straus single family office is one of the possible bidders for the NBA team. Daniel E. Straus’ single family office invests in various asset classes, e.g. real estate, financial markets and hedge funds. He founded the healthcare group Multicare Companies Inc. in 1984. During his business life, he launched several additional companies like CareOne or InnovaCare.
Relevant family office articles
- Schock Metallwerk GmbH Saved By Single Family Office From Stuttgart
- Morris Kahn Single Family Office Sells 50% of Beit Aurec Stake To Insurance
- UK Fintech Smarterly Receives £7M Investment, Led by Major Oak Family Office
- Industryinsights.eu (external)
Relevant family office lists
Rated 5.00 out of 5€299,99 including VAT
Rated 5.00 out of 5€699,99 including VAT
Rated 5.00 out of 5€599,99 including VAT