Artémis Acquires Majority Stake In CAA

Creative Artists Agency (CAA) has a new majority shareholder, Artémis.

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

Through the arrangement, announced Thursday (Sept. 7), CAA’s Bryan Lourd, Kevin Huvane, and Richard Lovett have each made long-term commitments to continue leading the agency and will remain as co-chairmen of CAA. Lourd is expected to be named CEO following the completion of the purchase, while Jim Burtson, who led the CAA deal team, will remain president of CAA.

Financial terms were not disclosed.

“As a leader in its field with an outstanding management team, a crystal-clear focus on providing world-class service to world-class clients and a tremendous track record of growth, CAA has all the relevant characteristics to be part of the Artémis family, adding increased diversity, both in terms of geographical footprint and business activities, to our other assets,” comments Francois-Henri Pinault, Artémis CEO in a joint statement.

Artémis, whose assets include many of the most prestigious brands on the market, will now become a major player in the worlds of entertainment and sports, through its investment with CAA.

Founded in France in 1992, Artémis’ consolidated assets top $40 billion, including Kering, the luxury goods group that is home to Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, and other luxury brands; the Christie’s auction house; Pinault Collection, the world’s largest private collection of contemporary art; and more.

CAA’s “exceptional insight, relationships, and access across key sectors,” Pinault continued, along with its reputation for collaboration and innovation, gives “the company a formidable role in driving global opportunities for its diverse and culture-defining clients. We look forward to supporting the agency’s very bright path ahead.”

Singapore-headquartered global investment firm Temasek will remain a minority investor in CAA. CMC Capital remains a CAA strategic partner.

Allen & Company LLC served as financial advisor to CAA, and Wachtell, Lipton, Rosen & Katz served as legal counsel. Rothschild & Co was financial advisor to Artémis, and Cleary Gottlieb Steen & Hamilton LLP served as legal counsel. Ropes & Gray LLP was legal counsel to TPG. Sullivan & Cromwell LLP served as legal counsel to Temasek.

The transaction is expected to be completed later this year, subject to the satisfaction of closing conditions.