François- Henri Pinault’s holding company purchases a significant share in the Hollywood agency, valuing the firm at $7 billion.
Pinault’s family holding company, Artémis, has entered into an agreement to acquire a majority stake in Creative Artists Agency (CAA) from private equity firm TPG Inc. The transaction places CAA’s valuation at $7 billion.
Founded in 1975, CAA is a major player in the talent representation industry, which counts Tom Hanks, Steven Spielberg, Vin Diesel, Jennifer Aniston and Pinault’s wife Salma Hayek among its clients. The firm boasts a roster that includes leading figures in sports and entertainment.
Artémis oversees assets totaling more than $40 billion, including ownership of fashion brands like Gucci and Saint Laurent, as well as Christie’s auction house. Pinault, who serves as the chairman of Kering SA, has a net worth exceeding $38 billion, according to the Bloomberg Billionaires Index.
Singapore’s state investment firm, Temasek Holdings Pte, will retain its minority stake in CAA, the companies announced. CMC Capital will continue to act as a strategic partner to CAA.
Under the terms of the deal, CAA’s leadership including Bryan Lourd, Kevin Huvane, and Richard Lovett will make long-term commitments to the agency. They will remain as co-chairmen, and Lourd is slated to assume the role of chief executive officer upon the deal’s closure. Jim Burtson, who was responsible for guiding the transaction, will continue in his role as president.
