Pinault to Buy Majority Stake in Talent Agent CAA
Francois-Henri Pinault
Photographer: Loic Venance/AFP/Getty Images
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French billionaire Francois Pinault’s holding company Artémis agreed to buy a majority stake in the Hollywood talent giant Creative Artists Agency from the private equity firm TPG Inc.
As previously reported by Bloomberg News, Pinault is buying its stake in a deal that values the business at $7 billion. CAA, founded in 1975, represents some of the top stars in sports and entertainment, including actress Salma Hayek. Hayek is married to Pinault’s son, Kering SA Chief Executive Officer Francois-Henri Pinault.