PE-backed groups vie for IMG as KKR exits

The buyout firms bidding for talent agency IMG Worldwide Inc have all secured partnerships with other companies in the sector after KKR & Co LP exited an auction seen fetching more than $2 billion, according to people familiar with the matter, sister news service Reuters reported.

KKR withdrew last week, leaving Silver Lake in partnership with William Morris Endeavor Entertainment LLC, CVC Capital Partners Ltd in partnership with Chernin Group LLC and Carlyle Group LP in partnership with ICM Partners Inc as the private equity-backed groups ...

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