Endeavor to Sell IMG Academy to Private Equity Firm BPEA EQT for $1.25 Billion

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.

As part of BPEA EQT’s acquisition, Brent Richard will continue as president of IMG Academy, Tim Pernetti as president of IMG Academy Bradenton, Lisa Strasman as president of NCSA and Ted Sullivan as chief growth officer. “IMG Academy is in a category of one for its combination of elite athletics and academics, as well as its legacy of developing superstar competitors in the game of life,” Endeavor president and COO Mark Shapiro added. “We’re proud to have been stewards of this institution, driving growth and innovation, as well as expanding its facilities and offerings. IMG Academy is in great hands for its next chapter with BPEA EQT.

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