The NY Post reports that private equity firm TPG plans to increase their stake in CAA from a 35-percent share to a controlling 51-percent holding. That deal “could be announced within the week, one source familiar with the talks said.” The paper’s sources say the long-term objective of taking control is to put the agency on a path to an IPO. (In other words, TPG has to increase their investment first in order to build a pathway to an exit.) “There is no real easy exit as it stands,” one source says. “The thought is to buy it and build […]
