Artémis to Acquire Majority Stake in CAA

Cleary Gottlieb is representing Artémis, the Pinault family’s investment company and controlling shareholder of luxury group Kering, which announced that it has agreed to acquire a majority stake in CAA, previously held by global investment firm TPG.

Founded in 1992 by François Pinault, Artémis is a holding company that manages a range of companies and holds shares in various sectors, in France and abroad. For more than 20 years, Artémis has been the controlling shareholder of Kering (previously PPR), one of the world leaders in apparel and accessories in luxury and sport & lifestyle. As a professional shareholder, Artémis is focused on long-term growth and shareholder value creation, while remaining on the watch for new investment opportunities. Artémis’ consolidated assets exceed €40 billion.

Founded in 1975, CAA is a leading entertainment, media, and sports enterprise, with global expertise in motion pictures, television, music, sports, theater, digital media, publishing, endorsements, media finance, consumer investing, fashion, podcasting, speaking, games, and philanthropy. Led by a world-class management team and distinguished by its culture of collaboration and exceptional client service, CAA’s diverse workforce identifies and innovates opportunities for the people and organizations that shape culture and inspire the world.

TPG is a leading global alternative asset management firm, founded in 1992, with $139 billion of assets under management and investment and operational teams around the world. TPG invests across five multi-strategy platforms: capital, growth, impact, real estate, and market solutions, and its unique strategy is driven by collaboration, innovation, and inclusion. TPG’s teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for its fund investors, portfolio companies, management teams, and communities.

For more information, please see the press release here.