RCS - IMG - EBX Group & IMG Acquire Brasil1 for IMX JV
EBX Group and IMG Worldwide Acquire Brasil1 to Launch Its IMX Joint Venture
With the Acquisition of Brasil1 the IMX Sports & Entertainment Portfolio Includes Projects Like UFC, Volvo Ocean Race, LPGA Brazil Cup, Among Others; IMX Will Work With Sports, Entertainment and Venues
NEW YORK, NY and RIO DE JANEIRO, BRAZIL--(Marketwire - December 9, 2011) - EBX Group and IMG Worldwide have launched their IMX joint-venture with the acquisition of Brasil1 Sports & Entertainment, an agency identified by the synergy with the new company's goal to work in the sports, entertainment and arena management areas. IMX begins operations with a portfolio of events including Ultimate Fighting Championship (UFC), Volvo Ocean Race (Itajaí Stopover), LPGA Brazil Cup, Footvolley 4x4 World Championship, and Megaramp, among others.
Founded in November 2011, IMX is a 50/50 joint venture between EBX Group and IMG Worldwide, with the goal of becoming one of the main sports, entertainment and arena companies of Brazil, with headquarters in Rio de Janeiro. The initiative also represents the expansion in Brazil of IMG Worldwide, a global sports, fashion and media business with over 3,000 employees operating in 30 countries around the globe.
"IMX starts with the objective to consolidate itself as a leader in this sector of activity, joining IMG's expertise with the knowledge and talent of our executives. Brazil is experiencing a unique moment with the World Cup and Olympic and Paralympic Games, and other opportunities that will come. I'm proud to invest in sports and entertainment, areas that encourage education, self-esteem, jobs and talents," said Eike Batista, President of EBX Group.
"I am very excited for IMG to be in business with Eike Batista whose vision for using sports and entertainment as a vehicle for improving the lives of the people of Brazil, offers our IMX joint venture significant business opportunities," said Mike Dolan, IMG's Chairman and Chief Executive. "IMX's acquisition of Brasil1 is the beginning of what I believe will be a very dynamic, exciting and successful partnership. We have assembled a terrific management team of very experienced executives who have the expertise to create new ventures for the company. The 2014 World Cup and the 2016 Olympic and Paralympic Games in Brazil will provide us great opportunities for growth and the acquisition of Brasil1 is the starting point."
In the Sports sector, IMX will work on creating and producing events, consulting and talent management. In the area of venues the company will be involved in construction, management and operation of stadiums, arenas and convention centers. In addition, IMX will work in the entertainment area, focusing on live shows and performing arts.
At the press conference today in Rio de Janiero, the company also announced that Alan Adler, business executive, sailing athlete and one of the people responsible for the Brazilian Boat Brasil1, from the Volvo Ocean Race, among other projects, has been named Chief Executive Officer of IMX. Adler was the CEO of Brasil1 Sports & Entertainment.
"We bring nine years of expertise working in Sports, Entertainment and Consulting areas, with an important portfolio of clients," Adler said. "In the first year we intend to hold 58 events, including UFC, LPGA Tour, Volvo Ocean Race, RJX volleyball games and Footvolley 4x4 World Championship. I'm extremely happy and motivated to be part of IMX, uniting the biggest sports marketing company in the world and one of the largest business groups in Brazil, with a leader who helped to make this country a place more developed, respected and admired."
IMG Worldwide creates, owns and operates major sporting events around the globe and manages the careers of athletes, celebrities and models, with talents like the Roger Federer, Rafael Nadal, Maria Sharapova, Camilo Villegas, Luke Donald, as well as the models like Fernanda Motta, among many others.
"Brazil is one of the greatest sporting nations on the planet and with the coming of the World Cup and the Olympics, the opportunities for the IMX joint venture are endless," said tennis great Roger Federer.
"I love to play in Brazil, the fans are incredible. I think the IMX joint venture and the acquisition of Brasil1 will mean more great tennis matches and great sporting events as the World Cup and the Olympic Games come to this wonderful country," said tennis star Maria Sharapova.
IMX's Main Projects include:
UFC - Ultimate Fighting Championship - main MMA promotion in the world
Volvo Ocean Race (Itajaí Stopover) - Biggest race around the world. Brasil1 Sports & Entertainment have been responsible for the Brazilian event since 2006
Megaramp - Most important skateboarding event in the world
LPGA Brazil Cup - Brazilian stage of the LPGA Tour, professional women's golf circuit and highest paying in the world
Footvolley 4x4 World Championship - World footvolley championship with four players in each side
Travessia dos Fortes - Most popular Open Water Marathon in South America
About EBX Group
EBX is a Brazilian business group with a market capitalization exceeding $ 30 billion. Founded in 1980 by entrepreneur Eike Batista, the EBX Group seeks to identify investment opportunities in infrastructure and natural resources, areas that are essential for the development of Brazil. The main investments of the EBX Group are given by five publicly traded companies: MMX (mining), LLX (logistics), MPX (energy), OGX (oil and gas) and OSX (offshore equipment and services), all listed in the segment of New Markets of the BM&F BOVESPA, which adopts the highest standards of corporate governance of the Exchange Market in Brazil. Headquartered in Rio de Janeiro, the EBX Group invested approximately US $7 billion in its core business from 2007 to 2010, generating over 20,000 jobs up to date. The Group expects to invest US$ 15.5 billion in Brazil, Chile and Colombia between 2011 and 2012, generating about 40,000 jobs over the next few years.
IMG Worldwide is a global sports, entertainment and media business, with nearly 3,000 employees operating in 30 countries around the globe. IMG's areas of expertise are diverse and wide ranging: IMG College; IMG's Joint Ventures in China, Brazil and India; IMG Media; IMG Events and Federations; IMG Fashion; IMG Models; IMG Art+Commerce; IMG Clients; IMG Academies; IMG Consulting and IMG Licensing. More information is available at www.imgworld.com Follow us on Twitter: http://twitter.com/#!/IMG_Worldwide and Facebook: http://www.facebook.com/pages/IMG-Worldwide/
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