Kirkland & Ellis Advised Silver Lake On The Acquisition Of Endeavor Group Holdings

Kirkland & Ellis advised Silver Lake on the acquisition of Endeavor Group Holdings

Kirkland & Ellis advised technology investor Silver Lake on the acquisition of global sports and entertainment company Endeavor Group Holdings, Inc. (NYSE: EDR). The transaction was announced on April 2, 2024. The now privately held Endeavor Group Holdings, Inc. retains its controlling ownership stake in TKO Group Holdings, Inc. (NYSE: TKO), one of the largest publicly traded sports and entertainment companies, fueled by businesses including UFC and WWE.

Silver Lake believes that when consolidating all of TKO’s value into Endeavor, the combined total enterprise value of $25 billion at $27.50 per share makes this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector. The portfolio of representation businesses owned by Endeavor Group Holdings, Inc. will now be called WME Group.

The team was led by Mark Boyagi, P.C. (Partner), Jordan Murray, P.C. (Partner), Kevin Lam, P.C. (Partner), Leslie W. Hung (Partner), Alex Roggio (Partner), Daniel Grove (Associate), Lee Morlock, P.C. (Partner), and Joseph A. Tootle (Partner).

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