Endeavor Group Holdings, Inc. completed the acquisition of remaining 49.9% stake in Ultimate Fighting Championship Ltd. from Silver Lake Technology Investors IV, L.P, fund of Silver Lake Management, L.L.C, KKR North American XI Fund, L.P., fund of KKR & Co. Inc., MSD Sports Partners, L.P., fund of MSD Private Capital Group and others.
May 03, 2021
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Endeavor Group Holdings, Inc. (NYSE:EDR) acquired remaining 49.9% stake in Ultimate Fighting Championship Ltd. from Silver Lake Technology Investors IV, L.P, fund of Silver Lake Management, L.L.C, KKR North American XI Fund, L.P., fund of KKR & Co. Inc. (NYSE:KKR), MSD Sports Partners, L.P., fund of MSD Private Capital Group and others on February 16, 2021. Under the terms of the consideration, Endeavor will issue common units and cash. Endeavor will use the proceed of private placement to fund the acquisition. Post completion of the transaction, Endeavor directly or indirectly owns 100% of the equity interests in Ultimate Fighting Championship. The transaction is subject to anti-trust approvals, closing of IPO and private placement and other customary closing conditions The transaction has been approved by Endeavor Board and Zuffa's Board. Justin G. Hamill and Jonathan Solomon of Latham & Watkins LLP acted as legal advisor to Endeavor. Atif I. Azher of Simpson Thacher and Bartlett LLP acted as legal advisor to Silver Lake Partners. Sean Rodgers, Lukas David Richards and Ravi Agarwal, P.C of Kirkland & Ellis LLP acted as legal advisors to KKR. Ed Antoian of Zeke Capital Advisors acted as legal advisor to DAW family. Justin G. Hamill and Jonathan Solomon acted as legal advisor to Zuffa, Ariel Emanuel, Patrick Whitesell and UFC management. Morgan Stanley (NYSE:MS) acted as financial advisor to Endeavor Group Holdings in the transaction.
Endeavor Group Holdings, Inc. (NYSE:EDR) completed the acquisition of remaining 49.9% stake in Ultimate Fighting Championship Ltd. from Silver Lake Technology Investors IV, L.P, fund of Silver Lake Management, L.L.C, KKR North American XI Fund, L.P., fund of KKR & Co. Inc. (NYSE:KKR), MSD Sports Partners, L.P., fund of MSD Private Capital Group and others on May 3, 2021.
Endeavor Group Holdings, Inc. is a global sports and entertainment company. It owns and operates sports and entertainment properties, including the Ultimate Fighting Championship (UFC), World Wrestling Entertainment, Inc. (WWE), produces and distributes sports and entertainment content. It also owns and manages live events and experiences, and represents sports, entertainment and fashion talent. The Companyâs Owned Sports Properties segment is comprised of a portfolio of sports properties, including UFC, WWE, professional bull riders and Euroleague. Events, Experiences & Rights segment owns and operates events, including the Miami Open and Madrid Open, Barrett-Jackson, New York Fashion Week: The Shows, and Hyde Park Winter Wonderland. Representation segment provides brand strategy, marketing, advertising, public relations, analytics, digital, activation and experiential services to corporate and other clients. Sports Data & Technology segment is comprised of its IMG ARENA and OpenBet.
Endeavor Group Holdings, Inc. completed the acquisition of remaining 49.9% stake in Ultimate Fighting Championship Ltd. from Silver Lake Technology Investors IV, L.P, fund of Silver Lake Management, L.L.C, KKR North American XI Fund, L.P., fund of KKR & Co. Inc., MSD Sports Partners, L.P., fund of MSD Private Capital Group and others.