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The Good News Is Sarasota…IMG Academy Sold for $1.25 Billion

Endeavor Group Holdings has announced the sale of IMG Academy, the Bradenton prep sports school, to Swedish private equity firm BPEA EQT for $1.25 billion in cash. With Nord Anglia Education already part of its portfolio, BPEA EQT plans to expand IMG Academy’s Asian market potential and leverage its sector expertise in education to invest in technology and diversify its sports offering. Brent Richard will continue as President of IMG Academy, along with Tim Pernetti, Lisa Strasman and Ted Sullivan in their respective roles. The deal is expected to close in Q3 2023.
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