Endeavor Group Holdings has sold sports educational institution IMG Academy to a division of private equity firm EQT. BPEA EQT is teaming on the deal with Nord Anglia Education, one of the companie…
was founded in 1978 as the Nick Bollettieri Tennis Academy. IMG acquired it in 1987, and subsequently added sports like golf, soccer, baseball, basketball, football, lacrosse, track & field and volleyball. After acquiring IMG in 2014, Endeavor has expanded the academy’s on-campus and online offerings.
“Our purpose is to empower student-athletes to win their future, preparing them for college and for life,” IMG Academy President Brent Richard said in a press release. “BPEA EQT and Nord Anglia are ideal partners to achieve and accelerate those goals, and we are excited for that future.” “IMG Academy’s brand is globally recognized and we see compelling opportunities in supporting its international expansion, including Asia, and broadening its educational offering, leveraging BPEA EQT’s insights from having led Nord Anglia Education’s growth in the region,” said Jack Hennessy, Partner and Co-Head of Education within BPEA EQT’s Advisory Team.
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