UFC Owner Endeavor Group to Sell Florida Sports School IMG Academy
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UFC Owner Endeavor Group to Sell Florida Sports School IMG Academy
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https://www.wsj.com/articles/ufc-owner-endeavor-group-to-sell-florida-sports-school-img-academy-b2377258
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Sports and media conglomerate Endeavor Group Holdings Inc. is selling one of its more unusual assets: IMG Academy, a for-profit boarding school in central Florida that trains the world’s most promising adolescent athletes.
Endeavor is selling the school to the private equity group BPEA EQT for an enterprise value of $1.25 billion, the company said. EQT plans to partner the school with its Nord Anglia Education portfolio company, which already operates several private schools.
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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.