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Endeavor sells IMG Academy to private equity firm for $1.25bn

Last updated : Apr 26, 2023 21:04
SportzPower Team
Apr 25, 2023 17:04

BEVERLY HILLS, Calif.: Endeavor Group Holdings, Inc. Tuesday announced that the global sports and entertainment company has entered into a definitive agreement to sell its IMG Academy sports education business to private equity firm BPEA EQT in an all-cash deal at an enterprise valuation of $1.25 billion. 

The two companies anticipate the deal will close in the third quarter of this year.

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