Latham & Watkins Advises IMG in Acquisition of Mutua Madrid Open
IMG, an Endeavor company and global leader in sports, events, media, and fashion, has announced that it has entered into a definitive agreement with Super Slam Ltd and its affiliates to acquire the Mutua Madrid Open tennis tournament and the Acciona Open de España golf tournament. The transaction is expected to close in the first quarter of 2022, subject to ATP / WTA and regulatory approvals.
Latham & Watkins LLP represents IMG in the transaction with a cross-border deal team led by New York M&A partner Justin Hamill, London M&A partner Edward Barnett, and London entertainment, sports & media partner Patrick Mitchell, with London associates Jennifer Cadet, Stewart Robinson, and Leah Adeniran. Advice was also provided on corporate matters by Madrid partner María José Descalzo, with trainees Elena Martínez de Luco and Alba Arqué; on employment matters by Madrid partner Naiara Rodríguez-Escudero; on antitrust matters by Madrid partner José María Jiménez-Laiglesia and Brussels partner Sven Völcker, with associates Carlos Betoret and Susanna Dittrich Ingunza; and on tax matters by London partner Sean Finn, Madrid partner Iván Rabanillo, and New York partner Matthew Dewitz, with associate Alan Kimball.