ICM Partners has received an Investment from New York-based private equity firm Crestview Partners. Financial terms are not be disclosed, but the agency confirmed that the ICM partnership will main…
. Financial terms are not be disclosed, but the agency confirmed that the ICM partnership will maintain majority ownership, with Crestview Partners becoming a minority owner.
ICM Partners has become an outlier among the Big 4 agencies in terms of ownership. CAA is majority owned by private equity fund TPG, while private equity firm Silver Lake Partners owns a significant stake in WME. UTA, which had been a partnership, last year sold a minority equity stake to Investcorp and the Public Sector Pension Investment Board.ICM plans to use the investment to fund domestic and international expansion.
“ICM Partners, under the leadership of Chris Silbermann, has experienced dramatic growth both organically and through targeted strategic acquisitions,” said Brian Cassidy, Partner and Head of Media at Crestview. “We are thrilled to partner with Chris and the dedicated agents and senior management team at ICM Partners, to help accelerate their expansion at a time of unprecedented global demand for content, content creators and the artists that bring it all alive.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
ICM Partners Sells One-Third Stake to Crestview Partners for $150 MillionICM Partners has become the latest Hollywood talent agency to partner with a private equity firm, selling a one-third stake in the agency to Crestview Partners for about $150 million. The deal mark…
Consulte Mais informação »
ICM Partners Sells One-Third Stake to Crestview Partners for $150 MillionICM Partners has become the latest Hollywood talent agency to partner with a private equity firm, selling a one-third stake in the agency to Crestview Partners for about $150 million. The deal mark…
Consulte Mais informação »
5 Things You Didn’t Know About Squirting—But ShouldIt's equally fun solo or with a partner.
Consulte Mais informação »
When Only One Spouse Wants to Handle the MoneyMore than half of women in a UBS survey say their spouse still takes the lead on “major financial decisions”
Consulte Mais informação »
Exclusive: China's BAIC raising Daimler stake to unseat Geely as top shareholder - sourcesDaimler's main China joint venture partner BAIC Group has set in motion a p...
Consulte Mais informação »
Emma Barton pays tribute to partner Anton du Beke on Instagram following Strictly Come Dancing finalEmma Barton breaks her silence following Strictly Come Dancing final. The EastEnders actress and partner Anton du Beke ended the series as runners-up
Consulte Mais informação »