{"id":35661,"date":"2023-10-25T23:31:36","date_gmt":"2023-10-25T23:31:36","guid":{"rendered":"https:\/\/innodebt.com\/business\/silver-lake-moves-to-take-talent-agency-endeavor-private\/"},"modified":"2023-10-25T23:31:36","modified_gmt":"2023-10-25T23:31:36","slug":"silver-lake-moves-to-take-talent-agency-endeavor-private","status":"publish","type":"post","link":"https:\/\/innodebt.com\/?p=35661","title":{"rendered":"Silver Lake moves to take talent agency Endeavor private"},"content":{"rendered":"<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=0b15fc20-0bbe-4b8c-b51a-29c04ab6e648\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>US private equity group Silver Lake is considering taking Endeavor Group private, with a potential deal for Ari Emanuel\u2019s Hollywood talent agency that would be one of the year\u2019s largest buyouts.<\/p>\n<p>Silver Lake already controls about 71 per cent of Endeavor\u2019s voting rights and its co-chief executive officer Egon Durban and managing director Stephen Evans sit on the agency\u2019s board. <\/p>\n<p>Its announcement came after Endeavor said on Wednesday that it was considering strategic alternatives to maximise the value of its publicly listed stock. Endeavor\u2019s shares jumped by almost 25 per cent after it announced the strategic review, giving it an enterprise value of about $14bn.<\/p>\n<p>The potential takeover comes after Endeavor merged mixed martial arts league Ultimate Fighting Championship with World Wrestling Entertainment last month in an all-stock deal that left the agency as a standalone public company, with clients including Angelina Jolie and Lin-Manuel Miranda. <\/p>\n<p>It also follows last month\u2019s move by France\u2019s billionaire Pinault family to buy a majority stake in rival Hollywood talent manager Creative Artists Agency at an enterprise value of more than $7bn.<\/p>\n<p>\u201cSilver Lake is currently working towards making a proposal to take Endeavor private,\u201d the California-based firm said in a statement. \u201cSilver Lake firmly believes in Endeavor\u2019s business and is not interested in selling its shares in Endeavor to a third-party nor in entertaining bids for assets that are a part of Endeavor,\u201d it added.<\/p>\n<p>Emanuel, Endeavor\u2019s chief executive, said his company would consider a number of options but ruled out a sale of its interest in TKO, the new entity that combined UFC and WWE.<\/p>\n<p>\u201cGiven the continued dislocation between Endeavor\u2019s public market value and the intrinsic value of Endeavor\u2019s underlying assets, we believe an evaluation of strategic alternatives is a prudent approach to ensure we are maximising value for our shareholders,\u201d he said.<\/p>\n<p>Earlier this year, Durban told the Financial Times the private equity group had decided to focus its efforts on larger takeovers as public markets have become dislocated. <\/p>\n<p>\u201cIf you see us invest right now, by definition it will be a big all-in bet,\u201d Durban said. \u201cYou\u2019re going to see us do\u2009.\u2009.\u2009.\u2009a handful or two of large, really important investments a year and that\u2019s it.\u201d<\/p>\n<p>Silver Lake first invested in Endeavor in 2012 when it was called William Morris Endeavor, a standalone talent agency run by Emmanuel. In 2016, Silver Lake and Emmanuel bought a controlling interest in UFC at a $4bn valuation. <\/p>\n<p>They took the renamed company Endeavor public in 2021, but its stock has stagnated on public markets. It spurred the split-up of the combat assets from the talent agency, and the current strategic review.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.ft.com\/content\/0b15fc20-0bbe-4b8c-b51a-29c04ab6e648\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US private equity group Silver Lake is considering taking Endeavor Group private, with a potential deal for Ari Emanuel\u2019s Hollywood talent agency that would be one of the year\u2019s largest buyouts. Silver Lake already controls [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-35661","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Silver Lake moves to take talent agency Endeavor private | Innodebt<\/title>\n<meta name=\"description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US private equity group Silver\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/innodebt.com\/?p=35661\" \/>\n<meta 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