Endeavor Group Holdings, Inc. (NYSE:EDR) acquired remaining 49.9% stake in Ultimate Fighting Championship Ltd. from Silver Lake Technology Investors IV, L.P, fund of Silver Lake Management, L.L.C, KKR North American XI Fund, L.P., fund of KKR & Co. Inc. (NYSE:KKR), MSD Sports Partners, L.P., fund of MSD Private Capital Group and others on February 16, 2021. Under the terms of the consideration, Endeavor will issue common units and cash.

Endeavor will use the proceed of private placement to fund the acquisition. Post completion of the transaction, Endeavor directly or indirectly owns 100% of the equity interests in Ultimate Fighting Championship. The transaction is subject to anti-trust approvals, closing of IPO and private placement and other customary closing conditions The transaction has been approved by Endeavor Board and Zuffa's Board.

Justin G. Hamill and Jonathan Solomon of Latham & Watkins LLP acted as legal advisor to Endeavor. Atif I. Azher of Simpson Thacher and Bartlett LLP acted as legal advisor to Silver Lake Partners. Sean Rodgers, Lukas David Richards and Ravi Agarwal, P.C of Kirkland & Ellis LLP acted as legal advisors to KKR.

Ed Antoian of Zeke Capital Advisors acted as legal advisor to DAW family. Justin G. Hamill and Jonathan Solomon acted as legal advisor to Zuffa, Ariel Emanuel, Patrick Whitesell and UFC management. Morgan Stanley (NYSE:MS) acted as financial advisor to Endeavor Group Holdings in the transaction.