Ultimate Fighting Championship owner Endeavor Group said on Tuesday it will sell sports-training school IMG Academy to private equity firm EQT's Asian unit in an all-cash deal with an enterprise value of $1.25 billion.
The Endeavor Group Holdings Inc. logo hangs from the New York Stock Exchange on the morning of its public listing at the NYSE in New York City, U.S., April 29, 2021. REUTERS/Shannon Stapleton/File Photosaid on Tuesday it will sell sports-training school IMG Academy to private equity firm EQT's Asian unit in an all-cash deal with an enterprise value of $1.25 billion.
Jack Hennessy, partner and co-head of education at buyer BPEA EQT, said in an interview that the firm aims to provide IMG Academy's sports platforms to students in Asia and offer its sports programs to Nord Anglia and other schools in the region.
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