Endeavor sells IMG Academy for $1.25B to private equity firm.
Endeavor Group is set to sell sports-training school IMG Academy to private equity firm EQT's Asian unit in an all-cash deal worth $1.25 billion. The deal will see IMG Academy partner with EQT's portfolio company Nord Anglia Education, which operates premium international schools across 33 countries. The sale comes just days after Endeavor's mixed martial arts franchise UFC agreed to combine with World Wrestling Entertainment Inc. The deal is expected to close in Q3 2023.
