Silver Lake, a private equity firm, has agreed to acquire Endeavor Group Holdings, Inc. (EDR) in a transaction that will take the company private. The deal, valued at $13 billion in equity and $25 billion in consolidated enterprise value, represents a 55% premium over Endeavor's recent trading prices, offering stockholders $27.50 per share in cash, which is a significant premium from the "unaffected price" at a 52-week low. This move comes less than three years after Endeavor, a major player in the sports and entertainment sectors, went public in April 2021. The acquisition is noted as the largest private equity sponsor take-private in the past decade and the largest ever in the media and entertainment sector. TKO Group Holdings, formed by the merger of WWE and Endeavor-owned UFC, is not part of this transaction and will remain publicly traded. The deal has caused a halt in trading of Endeavor's stock pending the announcement.
Good analysis of endeavor going private in DealBook this morning.
Today's M&A notes $EDR to be acquired by Silver Lake for $27.50 cash/share, 55.2% premium, $25 billion $IDG.to to be acquired by Trilogy Investments for $2.50 cash/share, increased 11.1% from initial $2.25 proposal, $566.2 million, 68.9% premium https://t.co/UqpbcCLOw4
After 3 years as a publicly traded company, Endeavor, the sports and entertainment company led by Ari Emanuel that includes IMG, will regroup and go private https://t.co/TpixKJ6DWz https://t.co/ikuRQH0aJ4