IMG Worldwide, Set To Sell For $2B, Narrows Down Buyer List To 10 Suitors
Bankers for IMG Worldwide have cut to 10 "the list of suitors" for the talent agency, home to "a host of pro athletes and sporting events," according to Atkinson & Kosman of the N.Y. POST. IMG, set to sell for around $2B, "initially attracted about two dozen bidders," citing sources, before the list "was cut for a second round." Those crossing the first hurdle include: CAA-TPG; WME-Silver Lake; KKR and New Mountain Capital; Bain Capital; CVC Capital, the private equity firm joined with the Abu Dhabi Investment Authority and Bahrain’s Mumtalakat. Carlyle "is also moving forward, as is media investor Peter Chernin." Those "thought to be interested but not submitting bids" included Guggenheim Partners, Colony Capital, Thomas H. Lee Partners and Providence Equity (N.Y. POST, 10/8).