Ariel "Ari" Emanuel's leverage-backed ENDEAVOR is making a second run at the public markets. This time though the talent agency and sports promoter is taking steps to avoid another failure by lining up private funding and appointing Elon Musk to the board of directors. Exactly what Musk brings to Endeavor's boardroom table in terms of corporate governance remains to be seen (his famous run-in with the SEC is recorded in the filing), but he is sure to bring plenty of attention and some of his many fans to the deal. Morgan Stanley, Goldman Sachs, JP Morgan, KKR and Deutsche Bank lead a massive syndicate of 22 banks behind Endeavor's fresh IPO attempt. This is largely the same syndicate of banks that tried to take Endeavor public in the autumn of 2019, though Morgan Stanley is now to the left of Goldman Sachs.
展开▼
