Silver Lake has completed a $25 billion deal He takes parents from Hollywood Agency privately and strives to moves where founder Arie Manuel watches move from CEO to executive chair. Mark Shapiro leads The renamed WME group.
Private Equity Group Silver Lake and its co-investments have acquired 100% of the outstanding shares of the efforts. Currently, private Endeavor Group Holdings holds controlled ownership of sports and entertainment company TKO Group Holdings.
Silver Lake said Monday that when consolidating all of TKO’s value, a total of $25 billion, totaling $25 billion at $27.50 per share, the largest private equity sponsor public investment deal in more than a decade, and the largest ever in the media and entertainment sector.
The WME Group will focus on talent, intellectual property and brand representatives, including WME Talent Agency, Marketing Agency 160over90, brand licensing company IMG Licensing, and non-scripted company Pantheon Media Group.
Recently, Shapiro, who served as president and COO of Endeavor, has become president and managing partner. Christian Muirhead and Richard Weitz, who have been co-chairs of WME since fall 2022, are currently co-chairs of the WME Group and continue to lead agents.
Former Endeavor Executive Chairman Patrick Whitesell will work with Silver Lake to become CEO and founder of the new platform, investing in and expanding IP, investing in sports, media and entertainment.
Endeavor Take Private Transaction’s equity funding includes Silver Lake’s new and reinvestment equity, Mubadala Investment Company’s additional capital, DFO management, funds managed by Lexington Partners, Goldman Sachs Asset Management, and CPP Investments, and funding deployed by individuals such as Emanuel, Whitesell, and Shapiro.
(TagStoTranslate)Finance (T)USA
