CAA, TPG Form $250 Million Holding Company to Acquire Businesses Led by YouTubers and Other Creators

CAA is back in business with its former majority owner, private-equity giant TPG — with the two companies teaming up on plans to buy creator-led companies. CAA and TPG’s Integrated Media Company (IMC) have formed Compound Creative Holdings, a $250 million holding company “designed to acquire, operate and grow a portfolio of leading Creator Economy […]

TPG Agrees to Buy Learfield in Deal Worth Roughly $2 Billion

Alternative asset manager TPG has reached an agreement to buy college multimedia rights firm Learfield, according to multiple people familiar with the details. It is a roughly $2 billion deal, one of the sources said. Learfield’s majority owners—Charlesbank Capital Partners and funds managed by Fortress Investment Group—hired Moelis & Co. and Bank of America in […]

OpenAI offers 17.5% on venture deal! How can it do that?

OpenAI has been talking to a pile of private equity firms about a joint venture to get ChatGPT into the companies those private equity firms owned a chunk of — TPG (anchor), Advent, Bain, and Brookfield. Pre-money valuation would be $10 billion. [Reuters] OpenAI is offering “preferred equity” in the venture. This just means the […]

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