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Swedish investor pays $321M for eight IMG properties in Bradenton


  • By Louis Llovio
  • | 5:15 p.m. July 27, 2023
  • | 0 Free Articles Remaining!
IMG Academy was founded in 1978 as the Nick Bollettieri Tennis Academy.
IMG Academy was founded in 1978 as the Nick Bollettieri Tennis Academy.
Courtesy photo
  • Manatee-Sarasota
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EQT, the Swedish private equity company buying Bradenton-based IMG Academy, has completed the purchase of more than $300 million worth of property on the Manatee County campus of the famed sports school.

According to county records, EQT finalized eight separate sales on June 29 totalling of $321.59 million.

Among the deals was a $224 million purchase of multiple parcels including vacant land and recreational land; $44.5 million for the academy’s hotel; and $7.5 million for its golf course and country club.

 


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author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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