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Asian private equity firm BPEA EQT to buy IMG Academy for $1.25bn

All-cash deal for 'elite' Florida-based sports school expected to close in Q3

IMG Academy offers student athletes development through boarding school, sports camps, virtual coaching and remote college recruiting. (Screenshot from IMG Academy's website)

BANGKOK -- Asian private equity major BPEA EQT and its portfolio company Nord Anglia Education have agreed to acquire Florida-based sports school IMG Academy for an enterprise value of $1.25 billion from NYSE-listed Endeavor Group.

Following the transaction, IMG will partner with Nord Anglia, a London-based international school operator, according to a company statement. The transaction is still in the works and is expected to close in the third quarter of 2023. The management team of IMG Academy will remain the same upon completion of the acquisition.

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