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Sources Say KKR, New Mountain Pursue Joint Bid For Talent Agency IMG

Two people familiar with the matter said that private equity firm KKR & Co LP "has teamed up with New Mountain Capital LLC to bid for IMG, joining a handful of companies interested in buying the sports, fashion and marketing agency from Forstmann Little & Co," according to Roumeliotis, Kim & Damouni of REUTERS. KKR and New Mountain "would be competing against other buyout firms in a quest for IMG, as well as entertainment powerhouses Creative Artists Agency and William Morris Endeavor Entertainment, which have also been weighing offers for IMG." While KKR "may not have the industry expertise of CAA or William Morris, its partner New Mountain has deep ties to private equity firm Forstmann Little." CVC Capital Partners "is also involved in IMG's sale process." Buyout firm Bain Capital "also plans to bid." Initial offers "are due in the next few weeks" (REUTERS, 9/13).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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