<\/p>\n
\nBPEA EQT, in partnership with existing portfolio company Nord Anglia Education, to acquire IMG Academy, a leading education institution supporting over 100,000 student-athletes across its suite of sports education services<\/p>\n
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\nKnown for its sports-led approach to holistic education and for empowering student-athletes, IMG Academy benefits from strong secular tailwinds, including a growing focus on health and wellbeing within academia and increased spending on education<\/p>\n
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\nWith Asia being IMG Academy\u2019s largest source of international students, BPEA EQT and Nord Anglia plan to support its overseas expansion and leverage partnership opportunities between the two institutions, including integrating IMG Academy\u2019s sports-focused education services in Nord Anglia\u2019s curriculum global platform spanning 33 countries\u00a0<\/p>\n
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\nThe acquisition further underscores BPEA EQT\u2019s commitment to develop leading educational platforms and helping them expand globally, for the benefit of students, parents and teachers<\/p>\n
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BPEA EQT, in partnership with existing portfolio company Nord Anglia Education, to acquire IMG Academy, a leading education institution supporting over 100,000 student-athletes across its suite of sports education services
Known for its sports-led approach to holistic education and for empowering student-athletes, IMG Academy benefits from strong secular tailwinds,…<\/p>\n","protected":false},"author":1,"featured_media":12172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1],"tags":[971,964,970,968,966,969,965,967],"class_list":["post-12171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-andrew-fitzmaurice","tag-bpea-eqt","tag-brent-richard","tag-endeavor","tag-img-academy","tag-jack-hennessy","tag-nord-anglia-education","tag-sports-education"],"yoast_head":"\n
\nEQT is pleased to announce that BPEA Private Equity Fund VIII (an affiliated investment fund of \u201cBPEA EQT<\/strong>\u201d) will acquire IMG Academy (the \u201cCompany<\/strong>\u201d) from Endeavor Group Holdings (\u201cEndeavor<\/strong>\u201d). The deal reflects an enterprise value of USD 1.25 billion.<\/p>\n
\nHeadquartered in Bradenton, Florida, USA, IMG Academy supports the entire student-athlete development journey across its on-campus and online student-athlete education experiences. Founded in 1978, the Company provides a sports-focused boarding school, sports camps, online coaching and college recruiting, and is known for its strong outcomes from the Ivy League to professional leagues. Across its suite of sports education experiences, IMG Academy supports over 100,000 student-athletes, and helped place 30,000 students onto college sports rosters in 2022 alone.<\/p>\n
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\n\tIMG Academy is a clear leader in the large and growing sports education market. It will continue to benefit from strong secular growth drivers, including a growing focus on health and wellbeing within academia and increasing willingness to spend on education. IMG Academy\u2019s curriculum aligns with current trends within education, where sports is a key differentiator for U.S. college admissions, both for domestic and international students.<\/p>\n
\nWith Asia being IMG Academy\u2019s largest source of international students, BPEA EQT sees strong potential to support the Company\u2019s expansion across multiple markets in the region, including Singapore, India, Vietnam, Greater China, and Indonesia. BPEA EQT plans to leverage its proven sector expertise within education and track record from having supported its existing portfolio company Nord Anglia Education\u2019s international growth over the past 15 years.<\/p>\n
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\nToday, Nord Anglia operates 82 schools in 33 countries, supporting over 75,000 students globally with a unique education approach, integrating outside expertise from world-leading organizations into its curriculum. Notably, Nord Anglia has global partnerships with Juilliard to further enhance its performing arts offering, with MIT to enrich science, technology, engineering, and mathematics teaching and learning (STEM), and UNICEF to help develop students\u2019 social purpose and global citizenship. Over time, Nord Anglia plans to offer IMG Academy\u2019s sports and student wellbeing curriculum across its global network of schools, further enabling the Company\u2019s continued effort to provide world-class holistic staff and student education experiences. Moreover, BPEA EQT plans to invest in IMG Academy\u2019s technology and in the continued diversification of its sports offering to broaden the pool of prospective students and attract more female athletes.\u00a0<\/p>\n
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\nJack Hennessy, Partner and Co-Head of Education within BPEA EQT\u2019s Advisory Team<\/strong>, said, \u201cWe are deeply impressed by IMG Academy\u2019s unique offering and its world-class sports and wellbeing curriculum. IMG Academy\u2019s brand is globally recognized and we see compelling opportunities in supporting its international expansion, including Asia, and broadening its educational offering, leveraging BPEA EQT\u2019s insights from having led Nord Anglia Education\u2019s growth in the region.\u201d<\/p>\n
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\nBrent Richard, President of IMG Academy<\/strong>, said, \u201cOur purpose is to empower student-athletes to win their future, preparing them for college and for life. We are constantly trying to raise the bar in pursuit of that purpose through our on-campus and online experiences. Simultaneously, our staff is passionate about growing the impact we have on the world, reaching more families, and helping them on their journey. BPEA EQT and Nord Anglia are ideal partners to achieve and accelerate those goals, and we are excited for that future.\u201d<\/p>\n
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\nAndrew Fitzmaurice, CEO of Nord Anglia Education<\/strong>, said, \u201cThe learning experiences we create through our global partnerships with Juilliard, MIT and UNICEF stretch far beyond the classroom. They are designed to help our students develop important life skills that go hand-in-hand with impressive academic results so they leave our schools with everything they need for success in the future. Our partnership with IMG Academy will create an exciting new global sports programme offering outstanding experiences for our students that bring to life the importance of wellbeing, resilience, teamwork, and leadership.\u201d<\/p>\n
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\nKosmo Kalliarekos, Partner and Co-Head of Education within BPEA EQT\u2019s Advisory Team<\/strong>, concluded, \u201cWe are truly excited about the opportunity to invest in IMG Academy and the possibilities to integrate its sports-focused curriculum across Nord Anglia\u2019s global network of schools. This acquisition brings together a world-class sports education brand and a premier education group, and it further underscores BPEA EQT\u2019s commitment to developing leading school platforms and help them expand across Asia and beyond, for the benefit of students, their parents, and teachers.\u201d<\/p>\n
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\nThe transaction is subject to customary conditions and approvals. It is expected to close in Q3 2023.<\/p>\n
\nBPEA EQT was advised by Deloitte (Financial & Tax), Oliver Wyman (Commercial), and Ropes & Gray (Legal).<\/p>\n
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\nWith this transaction, BPEA Private Equity Fund VIII is expected to be 20-25 percent invested (including closed and\/or signed investments, announced public offers, if applicable, and less any expected syndication).\u00a0<\/p>\n
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\nAbout BPEA EQT<\/strong>
\n\tBPEA EQT is part of EQT, a purpose-driven global investment organization in active ownership strategies. BPEA EQT combines the private equity teams from Baring Private Equity Asia (BPEA) and EQT Asia, creating a comprehensive Asian private equity presence with local teams in eight cities across the region, a 25-year heritage, and more than USD 25 billion of capital deployed since inception. In addition to BPEA EQT, EQT\u2019s strategies in the region include EQT Infrastructure and the real estate division EQT Exeter.\u00a0<\/p>\n
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\nMore info: www.eqtgroup.com\/private-capital\/bpea-eqt
\n\tFollow EQT on LinkedIn, Twitter, YouTube and Instagram.<\/p>\n
\nAbout IMG Academy<\/strong>
\n\tAbout IMG Academy IMG Academy is the world\u2019s leading sports education brand, providing a holistic education model that empowers student-athletes to win their future, preparing them for college and for life. IMG Academy provides growth opportunities for all student-athletes through an innovative suite of on-campus and online experiences:\u00a0<\/p>\n
\nBoarding school and camps, via a state-of-the-art campus in Bradenton, Fla.<\/p>\n
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\nOnline coaching via the IMG Academy+ brand, with a focus on personal development through the lens of sport and performance<\/p>\n
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\nOnline college recruiting, via the NCSA brand, providing content, tools, coaching and access to a network of 40,000 college coaches\u00a0<\/p>\n
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\nTo learn more about IMG Academy and its on-campus and online experiences, visit www.imgacademy.com.<\/p>\n
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\nAbout Nord Anglia Education\u00a0<\/strong>
\n\tAs a leading premium international schools organisation, we are shaping a generation of creative and resilient global citizens who graduate from our schools with everything they need for success, whatever they choose to be or do in life.\u00a0<\/p>\n
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\nOur strong academic foundations combine world-class teaching and curricula with innovative technology and facilities, creating learning experiences like no other. Inside and outside of the classroom, we inspire our students to achieve more than they ever thought possible.\u00a0<\/p>\n
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\nNo two children learn the same way, which is why our schools around the world personalise learning to what works best for every student. Inspired by our high-quality teachers, our students achieve outstanding academic results and go on to study at the world’s top universities.\u00a0<\/p>\n
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\nTo learn more or apply for a place for your child, go to nordangliaeducation.com.<\/p>\n","protected":false},"excerpt":{"rendered":"