Patricof Co announced an investment in IMG Academy alongside more than 50 of its clients.
Private investment platform Patricof Co announced an investment this week in IMG Academy with more than 50 top clients participating in the deal, including Dak Prescott, Justin Jefferson, Steve Kerr, CC Sabathia, Michelle Wie West, and Jason Kelce.
The elite Florida prep school boasts top programs in football, baseball, basketball, tennis, soccer, golf, lacrosse, hockey, and more. Its vast list of notable alumni includes Serena Williams, Andre Agassi, Maria Sharapova, Grant Delpit, Zach Edey, Armando Bacot, Landon Donovan, and Jozy Altidore.
“This isn’t your average investment and IMG Academy isn’t your average prep school,” Prescott said. “What stood out to me, and ultimately why I wanted to invest here with Patricof Co, is the vision that IMG Academy has for its students. From an education and athletic standpoint, the resources they offer are second to none.”
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Endeavor agreed to sell IMG Academy to private equity group BPEA EQT for $1.25 billion in April, a deal completed in June.
“We could not be prouder to invest in IMG Academy,” Mark Patricof, Patricof Co founder and CEO, said. “What this institution has achieved in nearly four decades is a true academic and athletic success story. At a time when the sports education industry is facing new frontiers, IMG Academy has not only made the right decisions at the right times, but along the way has also ensured that its students, both on-campus and online, have access to best-in-class educational, life skills, and athletic resources, including teachers, coaches, facilities, and more.”
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