Endeavor Group Holdings, Inc. entered into a membership interests purchase agreement to acquire PTC Business of Reigning Champs, LLC for approximately $200 million on January 14, 2021. The Reigning Champs PTC Business consists of companies that offer recruiting and admissions services and related software products to high school student athletes, as well as college athletic departments and admissions officers. David Schwartz, Patricia Anglin, Juliano Banuelos, Kristin Cornuelle, Diana Gillis, David Gold, James Larkin, Lisa Lupion, James McQuade, Mark Mushkin, John Narducci, Amy Ray, Sarah Schaedler, Emily Tabatabai, Darren Teshima, Robert Uriarte, Barrie VanBrackle, Albert Vanderlaan, Eric Wall and Michael Wiesner of Orrick, Herrington & Sutcliffe LLP acted as legal advisor to Reigning Champs LLC.