Jennifer Maas TV Business Writer Endeavor has struck a deal to sell Florida-based sports education institution IMG Academy to private equity firm BPEA EQT for $1.25 billion.
The all-cash transaction, done in partnership with Nord Anglia Education, is expected to close in Q3. Located in Bradenton, Florida, IMG Academy was founded in 1978 as the Nick Bollettieri Tennis Academy.
The academy was purchased by IMG in 1987 and eventually expanded its offerings to include golf, soccer, baseball, basketball, football, lacrosse, track & field and volleyball.
Endeavor acquired IMG in 2014, with ownership of IMG Academy included as part of that deal. IMG Academy currently boasts a sports-focused boarding school, sports camps, online coaching and online college recruiting that serve in total more than 100,000 student-athletes.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.