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Holding Company
magicjohnson.com

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Investments

8

Portfolio Exits

2

Partners & Customers

2

About 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

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Latest Magic Johnson Enterprises News

SodexoMagic Awarded Agreement for Diverse, Local On-Site Management Services with Premier, Inc.

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.

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Magic Johnson Enterprises Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/4/2021

Seed

Uncharted

Yes

2

2/21/2017

Series A

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$99M

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10

10/19/2016

Seed VC

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$99M

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10

9/19/2016

Seed VC

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$99M

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10

7/7/2016

Seed VC

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$99M

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10

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

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

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

$99M

8

2/5/2018

Acquired

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$99M

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10

Date

12/12/2018

2/5/2018

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

8

10

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

$99M

Acquired

1

3/6/2012

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$99M

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10

2/14/2012

Private Equity

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$99M

$99M

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0

Date

2/11/2014

3/6/2012

2/14/2012

Investment Stage

Private Equity

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

1

10

0

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

United States

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10

Date

6/18/2012

Type

Partner

Partner

Business Partner

Country

United States

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 .

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Sources

1

10

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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