Endeavor Completes Sale of IMG Academy to BPEA EQT, in Partnership with Nord Anglia Education

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Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company, announced today the closing of its sale of IMG Academy, a leading global sports education institution, to BPEA EQT in an all-cash deal reflecting an enterprise value of $1.25 billion.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, June 28, 2023
Information
Tags: 
General Sports, Entertainment, Events, Concerts, Training, General Entertainment, Other Education, Continuing, Sports, Marketing, Education, Other Entertainment, Communications, Licensing (Sports), Licensing (Entertainment), IMG Academy Bradenton, NCSA, Sale, NYSE, EDR, Endeavor Group Holdings, BPEA EQT, IMG Academy, Rubicon Group Holding, Ted Sullivan, BPEA, Retail, Film industry, Pharmaceutical industry
Geotags: 
CALIFORNIA, UNITED STATES, NORTH AMERICA
⚠ partially generated by AI ↴
Organisation: 
ENDEAVOR GROUP, ENDEAVOR GROUP HOLDINGS, ENDEAVOR
Stock Symbol: 
NYSE:EDR
Summary
Key Points: 
  • Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company, announced today the closing of its sale of IMG Academy, a leading global sports education institution, to BPEA EQT in an all-cash deal reflecting an enterprise value of $1.25 billion.
  • IMG Academy will continue to operate under the IMG Academy brand with Brent Richard as President of IMG Academy, Tim Pernetti as President of IMG Academy Bradenton, Lisa Strasman as President of NCSA, and Ted Sullivan as Chief Growth Officer.


Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company, announced today the closing of its sale of IMG Academy, a leading global sports education institution, to BPEA EQT in an all-cash deal reflecting an enterprise value of $1.25 billion.

IMG Academy will continue to operate under the IMG Academy brand with Brent Richard as President of IMG Academy, Tim Pernetti as President of IMG Academy Bradenton, Lisa Strasman as President of NCSA, and Ted Sullivan as Chief Growth Officer.

About Endeavor

Endeavor is a global sports and entertainment company, home to many of the world’s most dynamic and engaging storytellers, brands, live events and experiences. The company is comprised of industry leaders including entertainment agency WME; sports, fashion, events and media company IMG; and premier mixed martial arts organization UFC. The Endeavor network specializes in talent representation, sports operations & advisory, event & experiences management, media production & distribution, experiential marketing and brand licensing.

Website Disclosure

Investors and others should note that we announce material financial and operational information to our investors using press releases, SEC filings and public conference calls webcasts, as well as our Investor Relations site at investor.endeavorco.com. Endeavor may also use its website as a distribution channel of material Company information. In addition, you may automatically receive email alerts and other information about Endeavor when you enroll your email address by visiting the “Investor Email Alerts” option under the Resources tab on investor.endeavorco.com.

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