INVESTMENT – CAA represents Salma Hayek, wife of François-Henri Pinault, but also Brad Pitt, Scarlett Johansson, Tom Hanks and Steven Spielberg
An agreement is close between Artemis, a holding company owned by the Pinault family, and Creative Artists Agency (CAA), the famous American talent agency. François Pinault and his relatives are preparing to acquire for 7 billion dollars (a little less than 6.5 billion euros) a majority of shares in the company which notably represents Brad Pitt, sources familiar with the transaction told Bloomberg. .
The sale could be finalized “within the next two or three weeks,” these people said. Still, the latter have reported obstacles to sales that have not yet been eliminated. Nothing is certain yet. The shares of the Hollywood giant targeted by the Pinault family through its company comprising several shareholders constitute 53% of the capital of CAA.
They have been held since 2014 by the private equity fund TPG which, like other investors of this type, does not usually hold its acquisitions for more than a few years. The talents represented by CAA could eventually become ambassadors for the French group’s brands such as Saint-Laurent or Gucci. Salma Ayek, François-Henri Pinault’s wife, is a CAA client.
This is also the case for Scarlett Johansson, Tom Hanks or Steven Spi(…) Read more at 20minutes
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