The ongoing auction for agency IMG has culled the initial field of 20 or more potential bidders down to ten candidates, in a sale expected to garner $2 billion or more. The NY Post reported that still active bidders include CAA (backed by TPG) and William Morris Endeavor (backed by Silver Lake), as well as private equity firms KKR and New Mountain Capital; Bain; CVC Capital in partnership with The Chernin Group as well as the Abu Dhabi Investment Authority and Bahrain’s Mumtalakat; and Carlyle Group. Lagardere is among those no longer in contention, though former ICM owner Rizvi Traverse […]
