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CAA Sells Majority Stake to Francois-Henri Pinault’s Artemis
Financial terms have not been disclosed.
License Global
September 7, 2023
1 Min Read
CAA logo.CAA
Francois-Henri Pinault has completed his acquisition of a majority stake in Creative Artists Agency, Variety reported. Through his family investment company, Artemis, Pinault replaces private equity company, TPG, as the primary holder of the talent agency.
According to Reuters, TPG first invested in CAA in 2010 and increased its stake to 53% in a deal valuing the agency at $1.1 billion.
The transaction, not yet completed, will value CAA in its entirety at $7 billion. The exact size of Artemis’ stake is not clear, but it has been confirmed as majority control.
License Global will update this story as more information is reported.
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