Francois-Henri Pinault is in advanced discussions to buy a majority stake in Creative Artists Agency.
The talent agency, backed by private equity firm TPG, could fetch a valuation of at least $7 billion. In 2010, TPG acquired a 35% stake in CAA. Headquartered in Fort Worth, Texas, the asset manager in 2014 boosted its ownership share to 53% to take control of the business at a $1.1 billion valuation.
CAA was founded by Michael Ovitz, Ron Meyer and several partners in 1975 and is one of the world’s most powerful agencies.
In the NBA, CAA represents the likes of Devin Booker, Karl-Anthony Towns, Zion Williamson, Paul George, Tyrese Haliburton and others. CAA also represents reporters such as Adrian Wojnarowski.
