Deals
Pittsburgh Mailman's Daughter-Turned-CEO Drops $25 Million on Her Beloved Penguins
- Cafaro will invest $25 million in Ron Burkle’s hockey team
- Pittsburgh team won the 2016 Stanley Cup, stars Sidney Crosby
Patric Hornqvist #72 of the Pittsburgh Penguins scores past goalie Antti Raanta of the New York Rangers in Game One of the Eastern Conference Quarterfinals in Pittsburgh, Pennsylvania, on April 13, 2016.
Photographer: Justin K. Aller/Getty ImagesThis article is for subscribers only.
Debra Cafaro, the chief executive officer of Ventas Inc., is in advanced talks to buy a minority stake in the Pittsburgh Penguins for $25 million, according to two people familiar with the matter.
The daughter of a mail carrier and a stay-at-home mother, Cafaro grew up in Pittsburgh and has said watching the city’s sports teams helped to shape her as a leader. Now based in Chicago, she runs a $37 billion real estate investment trust with 1,300 properties across the U.S., Canada and the U.K.