atans1

Temasek in the movie making biz

In Temasek on 27/09/2017 at 4:14 pm

From NYT’s Dealbook

By Amie Tsang and Michael J. de la Merced
The Singaporean sovereign wealth fund Temasek will take a minority stake in the talent agency CAA, in a deal expected to be announced today, DealBook is the first to report. TPG Capital will remain the agency’s biggest shareholder.
CAA’s president, Richard Lovett:
“As one of the most successful and sophisticated investors in the world, Temasek provides an extraordinary level of insight and resources as we continue to provide the best opportunities for the company and our clients.”
The Context
• Both CAA and WME, another major talent agency, have drawn billions of dollars in investment as they push to expand globally and into the digital realm.
• CAA took an investment earlier this year from CMC Capital Partners of China that also created a Chinese joint venture.
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