EQT, a global investment organization based in Stockholm, Sweden, through BPEA Private Equity Fund VIII and in partnership with portfolio company Nord Anglia Education, has bought IMG Academy from Endeavor Group Holdings for $1.25 billion.

Headquartered in Bradenton, Fla., IMG Academy works to support student athlete development across its on-campus and online student athlete education experiences. Founded in 1978, the company offers a sports-focused boarding school, sports camps, online coaching and college recruiting. IMG Academy supports over 100,000 student athletes and helped place 30,000 students onto college sports rosters in 2022. With Asia being IMG Academy’s largest source of international students, BPEA EQT sees potential to support the company’s expansion across multiple markets in the region, including Singapore, India, Vietnam, China, and Indonesia.

“This acquisition brings together a world-class sports education brand and a premier education group, and it further underscores BPEA EQT’s commitment to developing leading school platforms and help them expand across Asia and beyond, for the benefit of students, their parents, and teachers,” comments Kosmo Kalliarekos, partner and co-head of education within BPEA EQT’s advisory team.