Francois-Henri Pinault’s Artémis Closes Deal For Majority Stake In CAA – Update
deadline.comUPDATED with deal closing: CAA and Artémis on Monday said that its deal for Artemis to acquire a majority stake in CAA has officially closed.
Artemis, run by French billionaire Francois-Henri Pinault, agreed to acquire the stake (thought to be in the 50%-60% range) from investment firm TPG on September 7 after months of talks.
There were no new details about the financials on the deal today, but the sale was previously reported to be for around $7 billion.
The two sides in their joint release today also confirmed that Singapore-based Temasek will remain a minority investor in CAA, while CMC Capital remains a strategic partner. PREVIOUSLY, September 7 AM: Creative Artists Agency has a new majority owner in French billionaire Francois-Henri Pinault.
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