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SBD Global/May 6, 2013/Finance

Morgan Stanley, Evercore Among Companies Involved In Potential $2B Deal

Equity firm Forstmann Little & Co. is working with Morgan Stanley and Evercore Partners Inc. "to find a buyer" for talent agency IMG Worldwide Inc., according to Saitto, Soshnick & Fixmer of BLOOMBERG. Two people, who asked not to be named because the process is private, said that the business could fetch $2B. Non-disclosure agreements “will probably go out to suitors in a couple of weeks, with first-round bids likely due in July," said another person. A representative at Morgan Stanley declined to comment. Representatives at Forstmann Little and Evercore did not immediately return calls seeking comment. Inner Circle Sports’ Rob Tilliss said that “possible suitors may include Guggenheim Partners,” owner of the MLB L.A. Dodgers; Silver Lake Management LLC, which has a stake in William Morris Endeavor Entertainment LLC; and Creative Artists Agency, which is part owned by private-equity firm TPG Capital (BLOOMBERG, 5/2).

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