Latham & Watkins Advises Endeavor in US$1.25 Billion Sale of IMG Academy
Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company, has announced that it has entered into a definitive agreement to sell its subsidiary IMG Academy, a leading global sports education institution, to BPEA EQT, part of the leading global private equity group, EQT, in partnership with Nord Anglia Education. The all-cash deal reflects an enterprise value of US$1.25 billion. The two companies anticipate the deal will close in the third quarter of this year.
Latham & Watkins LLP represents Endeavor in the transaction with a corporate deal team led by New York partners Justin Hamill and Michael Anastasio and Century City partner Sean Denvir. Advice was also provided on real estate matters by New York partner Michelle Kelban; on tax matters by New York partner Alan Kimball; on employment matters by New York partner Austin Ozawa; on intellectual property matters by Washington, D.C. partner Morgan Brubaker and Los Angeles/Century City partner Ghaith Mahmood; on capital markets matters by New York partner Benjamin Cohen; and on data privacy matters by Bay Area partner Robert Blamires.