Rumors have been circulating since July last year, but it looks like it will be a matter of time before the deal closes. According to press sources, the French billionaire François-Henri Pinaultgroup patron Keringwould be close to acquiring a controlling stake Creative agency of artists (Cat), a Hollywood talent giant who adopts an actor Brad Peteyou are a basketball player Chris Paula. The talent agency, backed by a private equity firm, will have $7 billion in the account (equivalent to 6.42 billion euros at today’s exchange rate). Tpq.
Rumors in the press also indicate how Temasek Holdings Pteinvestment firm of the Singapore government, may increase its stake in Caa by buying a Chinese company KMK Capital. The negotiations are expected to conclude in the next two weeks.
Talks began when the Hollywood writers and actors recently agreed to team up for the first time in 60 years. For Pinot, the agreement confirms the trend towards investment diversification. In addition to Kering, through the holding ArtemisThe Pinault family also controls several other prestigious assets such as the auction house. Christieand vineyards.
Reportedly Bloomberg“CAA’s $7.5 million valuation marks an increase from the $5.61 million invested in the business last year when the company acquired rival agency ICM Partners.” At the core of the investment is the opportunity to work with some of the agency’s high-profile individuals, allowing for agreements with luxury brands in the Kering galaxy. Pino’s wife is a Mexican actress for a reason. Salma HayekSaa is represented.