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New Deal


Announced

Completed

Mubadala completed the acquisition of the remaining 50% stake in ATP 500 Rio Open men’s tennis tournament from Endeavor-backed IMG.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Acquisition

Brazil

Minority

Cross Border

tennis tournament

Private Equity

Friendly

Entertainment

Completed

Single Bidder

Synopsis

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Mubadala, an Abu Dhabi-based private equity firm, completed the acquisition of the remaining 50% stake in ATP 500 Rio Open men’s tennis tournament from Endeavor-backed IMG, an American global sports, events and talent management company. Financial terms were not disclosed. “Over the years, we have worked together to establish the Rio Open as a truly special event amongst tennis fans and beyond from South America and around the world. We wish Mubadala Capital well as they continue to build on the tournament’s success in the future,” Gavin Forbes, IMG Executive VP.

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