Add-on Acquisition • Media

Endeavor Acquires IMG

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

Acquisition Context
  • This is Endeavor’s 1st transaction in the Media sector.
  • This is Endeavor’s 3rd largest (disclosed) transaction.
  • This is Endeavor’s 1st transaction in the United States.
  • This is Endeavor’s 1st transaction in California.
Investment Fate
  • IMG was divested to a consortium of strategic buyers in 2025.

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M&A Deal Summary

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

Target Company

IMG

Beverly Hills, California, United States
IMG engages in sports, entertainment and fashion media, operating in more than 30 countries. 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. IMG was founded in 1960 and is based in Beverly Hills, California.
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Buyer Overview 1

Buyer

Endeavor

Beverly Hills, California, United States

Category Company
Founded 1898
Sector Media
Employees10,000
Revenue 6.0B USD (2023)
DESCRIPTION

Endeavor is a global sports and entertainment company, home to the world’s most dynamic and engaging storytellers, brands, live events, and experiences. 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 was incorporated in 1898 and is based in Beverly Hills, California.


Deal Context for Buyer #
Overall 1 of 13
Sector: Media 1 of 6
Type: Add-on Acquisition 1 of 9
State: California 1 of 2
Country: United States 1 of 11
Year: 2013 1 of 1
Size (of disclosed) 3 of 6
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 Profile 1

SELLER

Forstmann Little & Co.

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 Context for Seller #
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 -