Latham & Watkins and O’Melveny & Myers have advised on the sale of MotoGP parent company Dorna Sports to Formula One owners Liberty Media.

Latham advised the London-based asset management group Bridgepoint and the Canada Pension Plan Investment Board on the sale of their stakes in Madrid-based Dorna Sports to Colorado-based Liberty Media. The transaction gives Dorna Sports an enterprise value of €4.2 billion ($5.3 billion USD).