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TPG’s Majority Stake In CAA Acquired By Francois-Henri Pinault’s Artémis; Bryan Lourd To Be Named CEO

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deadline.com
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Creative Artists Agency has a new majority owner in French billionaire Francois-Henri Pinault. After months of negotiations.

Artémis, the Pinault family’s investment company, has agreed to acquire the majority stake in CAA that was previously held by global investment firm TPG.

No financials have been disclosed but the pact for the stake, said to be in the 50%-60% range, was previously reported to be in the $7B ballpark.

The transaction is expected to be completed later this year. CAA’s current leadership team will remain intact. Bryan Lourd, Kevin Huvane, and Richard Lovett have each made long-term deals and will remain the Co-Chairmen.

Read more on deadline.com
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