IMG Academy Bradenton

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

Retrieved on: 
Wednesday, June 28, 2023
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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.

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 Enters Agreement to Sell IMG Academy to BPEA EQT, in Partnership With Nord Anglia Education, for $1.25 Billion

Retrieved on: 
Tuesday, April 25, 2023
Golf, Football, Volleyball, Tennis, Finance, Soccer, Basketball, Baseball, Professional Services, Running, Sports, Primary, Secondary, Education, Lacrosse, NCSA, LLP, Partnership, Nord Anglia Education, IMG Academy, IMG Academy Bradenton, Health, Life, Alexander Forbes Group Holdings, Endeavor Group Holdings, Juilliard School, Latham & Watkins, MIT, BPEA, Massachusetts Institute of Technology, EDR, School, Student, EQT, BPEA EQT, IMG, NYSE, Ted Sullivan, Nursing, Endeavour

As part of the transaction, the business is expected to partner with BPEA EQT’s portfolio company Nord Anglia Education, which operates some of the world’s leading premium international schools.

Key Points: 
  • As part of the transaction, the business is expected to partner with BPEA EQT’s portfolio company Nord Anglia Education, which operates some of the world’s leading premium international schools.
  • “Our purpose is to empower student-athletes to win their future, preparing them for college and for life,” said Brent Richard, President of IMG Academy.
  • BPEA EQT and Nord Anglia are ideal partners to achieve and accelerate those goals, and we are excited for that future.”
    Headquartered in Bradenton, Florida, IMG Academy was founded in 1978 as the Nick Bollettieri Tennis Academy.
  • Endeavor acquired IMG in 2014, inclusive of IMG Academy, and has notably expanded both its on-campus and online offerings.