M&A Deal Summary

Endeavor Acquires IMG

On December 18, 2013, Endeavor acquired media company IMG from Forstmann Little for 2.3B USD

Acquisition Highlights
  • This is Endeavor’s 1st transaction in the Media sector.
  • This is Endeavor’s 2nd largest (disclosed) transaction.
  • This is Endeavor’s 1st transaction in the United States.
  • This is Endeavor’s 1st transaction in California.

M&A Deal Summary

Date 2013-12-18
Target IMG
Sector Media
Buyer(s) Endeavor
Sellers(s) Forstmann Little
Deal Type Add-on Acquisition
Deal Value 2.3B USD

Target

IMG

Beverly Hills, California, United States
website
IMG engages in sports, entertainment and fashion media, operating in more than 30 countries. IMG is comprised of a number of industry-leading media and agency brands and companies. IMG specializes in talent representation and management; brand marketing, sponsorship and licensing; media sales and distribution; event operation and management; and sports training and league development.

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Buyer(S) 1

Buyer

Endeavor

Beverly Hills, California, United States

website


Category Company
Sector Media
Employees7,700
Revenue 5.1B USD (2021)
DESCRIPTION

Endeavor is a global sports and entertainment company, home to the world’s most dynamic and engaging storytellers, brands, live events, and experiences. Endeavor is comprised of industry leaders including entertainment agency WME; sports, fashion, events, and media company IMG; and premier mixed martial arts organization UFC. The Endeavor network specializes in talent representation; marketing and licensing; content development, distribution, and sales; event management; and a number of direct-to-consumer offerings. Endeavor is based in Beverly Hills, California.


DEAL STATS #
Overall 1 of 11
Sector (Media) 1 of 5
Type (Add-on Acquisition) 1 of 9
State (California) 1 of 2
Country (United States) 1 of 9
Year (2013) 1 of 1
Size (of disclosed) 2 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-21 Global eSports Management

Sunrise, Florida, United States

Global eSports Management is an international full-service eSports talent agency that manages clients across the professional gaming industry. From players and spectators, to sponsors and event management, G.E.M. aims to forge strong bonds between all relevant parties so that the scene as a whole can reach and exceed its potential.

Buy -

Seller(S) 1

SELLER

Forstmann Little

New York, New York, United States


Category Private Equity Firm
Founded 1978
Size Small
Type Sector Agnostic
DESCRIPTION

Forstmann Little & Co. is a private investment firm focused on investments in aerospace, consumer products/services, communications, technology, education, and healthcare companies. The Firm will consider investments in both public and private companies. Forstmann Little was most active in the 80s and 90s. Despite it's size and history, the Firm does not maintain a website. Forstmann Little was formed in 1978 and is based in New York City.


DEAL STATS #
Overall 9 of 10
Sector (Media) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 2
Country (United States) 9 of 10
Year (2013) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-03 24 Hour Fitness

San Ramon, California, United States

24 Hour Fitness is a health club provider, involved in helping members change their lives and reach their individual fitness goals. 24 Hour Fitness offers fitness solutions for everyone including personal training services, group exercise classes and strength, cardio and functional training equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-30 24 Hour Fitness

San Ramon, California, United States

24 Hour Fitness is a health club provider, involved in helping members change their lives and reach their individual fitness goals. 24 Hour Fitness offers fitness solutions for everyone including personal training services, group exercise classes and strength, cardio and functional training equipment.

Sell -