ICM Partners, which bought its freedom in 2012 from controlling investor Rizvi Traverse Management, has once again sold a stake in the agency. This time, they have a sold a minority one-third share in the agency to Crestview Partners, for approximately $150 million. CEO Chris Silbermann told Variety some of that money would be used to “reward” employees across the agency, along with buying out some current equity holders. The press release indicates that “all ICM Partners employees, including assistants and support staff, will benefit financially from the deal.” “It will also help fund acquisition of other agencies and related […]
