Endeavor Group Holdings, Inc.
The UFC (the Ultimate Fighting Championship – mixed martial arts), IMG (sports, events, media and New York Fashion Week) and WME (William Morris Endeavor, the entertainment and sports talent agency) have one thing in common: All are owned by Endeavor Group Holdings, the sports and entertainment company that grew out of Beverly Hills talent agency Endeavor, founded in 1995.
Endeavor is a premium intellectual property, content, events, and experiences company. We own and operate premium sports properties, including the UFC, produce and distribute sports and entertainment content, own and manage exclusive live events and experiences, and represent top sports and entertainment talent, as well as blue-chip corporate clients. Founded as a client representation business, we expanded organically and through strategic mergers and acquisitions, investing in new capabilities, including sports operations and advisory, events and experiences management, media production and distribution, brand licensing, and experiential marketing. The addition of these new capabilities and insights transformed our business into an integrated global platform anchored by owned and managed premium intellectual property.
We believe that our unique business model gives us a competitive advantage in the industries in which we operate. Our direct ownership of scarce sports properties positions us to directly benefit from the generally rising value of sports assets, while giving us direct control to make decisions that sustain the long-term value of our properties. Our dual role as an intellectual property owner and as a trusted advisor to clients and rights holders allows us to make connections across our platform, increasing the earnings of our clients and the value of our sports and entertainment properties. We possess category leading capabilities in various industries, each of which contributes to our financial success. After we founded Endeavor in 1995, we gained scale in representation by merging with the venerable William Morris Agency to form WME in 2009, which was followed by our acquisition of IMG in 2014, adding marketing and licensing, events, media production and distribution, and the sports training institution, IMG Academy. The acquisition of a controlling interest in the UFC in 2016 served as a major step forward in the transformation of our business. We operate across three segments: (i) Owned Sports Properties, (ii) Events, Experiences & Rights and (iii) Representation.
(Note: Endeavor Group Holdings had initially planned to go public in 2019. But the company withdrew that IPO in an SEC filing dated Oct. 16, 2019.)
|Industry:||AMUSEMENT & RECREATION SERVICES|
|Address||9601 Wilshire Boulevard, 3rd Floor Beverly Hills, CA 90210|
|Phone Number||(310) 285-9000|
|View Prospectus:||Endeavor Group Holdings, Inc.|
|Revenues||$3478.7 mil (last 12 months)|
|Net Income||$-625.3 mil (last 12 months)|
|Price range||$24.00 - $24.00|
|Est. $ Volume||$511.2 mil|
|Manager / Joint Managers||Morgan Stanley/ Goldman Sachs/ J.P. Morgan/ KKR/ Deutsche Bank Securities|
|CO-Managers||Barclays/ Citigroup/ Credit Suisse/ Evercore ISI/ HSBC/ Jefferies/ Moelis & Co. / Piper Sandler/ RBC Capital Markets/ UBS Investment Bank/ CODE Advisors/ DBO Partners/ LionTree/ Academy Securities/ R. Seelaus & Co., LLC / Ramirez & Co., Inc./ Siebert Williams Shank|
|Expected To Trade:||4/29/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|