Investments
8Portfolio Exits
2Partners & Customers
2About Magic Johnson Enterprises
Magic Johnson Enterprises serves as a catalyst for fostering community and economic empowerment by providing access to high-quality entertainment, products and services that answer the demands of multicultural communities.
Magic Johnson Enterprises Headquarters Location
Los Angeles, California,
United States
Latest Magic Johnson Enterprises News
Jul 13, 2022
Issy-les-Moulineaux, FRANCE Gaithersburg, Md., July 13, 2022 (GLOBE NEWSWIRE) -- SodexoMagic , the joint venture between Magic Johnson Enterprises and Sodexo, Inc., is the only minority contracted full services capabilities company awarded a national GPO agreement for on-site management services of Environmental Services, Facilities Management, and Patient Transportation with Premier, Inc. The new agreement allows Premier members, at their discretion, to utilize their Tier 1 and Tier 2 supplier diversity spends for the goods, services, and labor contracted directly through SodexoMagic in environmental services, facilities management, and patient transportation departments. "With SodexoMagic, Premier members will benefit from the combined power of an international brand and our unique expertise in diversity, equity and inclusion," Robbi Stiell, SodexoMagic vice president of business development and community engagement, said. "We spend almost 50% of our annual revenue with small, local, and diverse suppliers. As diversity champions, we will help members achieve significant positive impact by providing 100% Tier 1 realization through our deep community partnerships, coupled with innovative and flexible site solutions." Environmental Services (EVS) SodexoMagic’s Environmental Services offer includes Protecta®, an evidence-based end-to-end approach to infection prevention, that decreases incidence of hospital acquired infections (HAIs) and helps healthcare facilities achieve their infection prevention goals. Facilities Management Services Our integrated Facilities Management Services will help manage facilities more efficiently and effectively. Our core processes ensure consistent service levels and help achieve budget predictability and better cost control. Patient Transport and Service Response Center The Patient Transport Services we offer will improve throughput, increase efficiency, free clinical staff to provide quality care, and positively impact patients’ perceptions of quality with professional transport service. Our Service Response Center integrates and manages support services, combined with a compelling commitment to hospitality service excellence. Premier is a leading healthcare improvement company, uniting an alliance of more than 4,400 U.S. hospitals and 225,000 other providers to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost. About SodexoMagic SodexoMagic was formed in 2006 through a joint venture between Magic Food Provisions (MFP), which is owned by NBA all-star Earvin “Magic” Johnson, and Sodexo Inc. to provide food and facilities management services to businesses, hospitals, schools, and universities. SodexoMagic was founded with the purpose of empowering the communities it serves, creating opportunity by hiring locally and purchasing goods and services from minority and women-owned businesses. With a 51 percent ownership interest by MFP, SodexoMagic has been certified as a minority-owned and managed company by the Minority Supplier Development Council and the Southern California Minority Business Development Council, Inc. The joint venture employs over 6,500 people at approximately 1,500 locations across the U.S.
Magic Johnson Enterprises Investments
8 Investments
Magic Johnson Enterprises has made 8 investments. Their latest investment was in Uncharted as part of their Seed on August 8, 2021.
Magic Johnson Enterprises Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
8/4/2021 | Seed | Uncharted | Yes | 2 | ||
2/21/2017 | Series A | |||||
10/19/2016 | Seed VC | |||||
9/19/2016 | Seed VC | |||||
7/7/2016 | Seed VC |
Date | 8/4/2021 | 2/21/2017 | 10/19/2016 | 9/19/2016 | 7/7/2016 |
---|---|---|---|---|---|
Round | Seed | Series A | Seed VC | Seed VC | Seed VC |
Company | Uncharted | ||||
Amount | |||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 2 |
Magic Johnson Enterprises Portfolio Exits
2 Portfolio Exits
Magic Johnson Enterprises has 2 portfolio exits. Their latest portfolio exit was Walker & Company Brands on December 12, 2018.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
12/12/2018 | Acquired | 8 | |||
Date | 12/12/2018 | |
---|---|---|
Exit | Acquired | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 8 |
Magic Johnson Enterprises Acquisitions
3 Acquisitions
Magic Johnson Enterprises acquired 3 companies. Their latest acquisition was Los Angeles Sparks on February 11, 2014.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
2/11/2014 | Acquired | 1 | ||||
3/6/2012 | ||||||
2/14/2012 | Private Equity |
Date | 2/11/2014 | 3/6/2012 | 2/14/2012 |
---|---|---|---|
Investment Stage | Private Equity | ||
Companies | |||
Valuation | |||
Total Funding | |||
Note | Acquired | ||
Sources | 1 |
Magic Johnson Enterprises Partners & Customers
2 Partners and customers
Magic Johnson Enterprises has 2 strategic partners and customers. Magic Johnson Enterprises recently partnered with university of miami miller school of medicine on June 6, 2012.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
6/18/2012 | Partner | UM Teams Up with Magic Johnson and Clear Health Alliance Coral Gables -LRB- June 18 , 2012 -RRB- -- Ushering in a new , comprehensive approach to treating underserved South Florida patients living with HIV/AIDS , the University of Miami has announced a partnership with Magic Johnson Enterprises , a Medicaid specialty plan offered by Simply Healthcare Plans , Inc. , a minority owned and operated managed care plan . | 1 | ||
Partner |
Date | 6/18/2012 | |
---|---|---|
Type | Partner | Partner |
Business Partner | ||
Country | ||
News Snippet | UM Teams Up with Magic Johnson and Clear Health Alliance Coral Gables -LRB- June 18 , 2012 -RRB- -- Ushering in a new , comprehensive approach to treating underserved South Florida patients living with HIV/AIDS , the University of Miami has announced a partnership with Magic Johnson Enterprises , a Medicaid specialty plan offered by Simply Healthcare Plans , Inc. , a minority owned and operated managed care plan . | |
Sources | 1 |
Magic Johnson Enterprises Team
1 Team Member
Magic Johnson Enterprises has 1 team member, including former Executive Vice President, Andrea Johnson.
Name | Work History | Title | Status |
---|---|---|---|
Andrea Johnson | Executive Vice President | Former |
Name | Andrea Johnson |
---|---|
Work History | |
Title | Executive Vice President |
Status | Former |
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