Pinault, whose family controls a luxury goods empire, including Gucci, Alexander McQueen, Saint Laurent, Bottega Veneta, Balenciaga, Brioni, Pomellato and others is seeking the majority stake held by private equity firm TPG Inc., said the people, who asked not to be identified because the deal hasn’t been announced. Temasek Holdings Pte, the Singapore government’s investment firm, may also increase its stake in CAA by buying out China’s CMC Capital, the people said. If the deal does not fall apart, the parties could conclude negotiations in the next couple weeks.
The private equity group TPG Capital is the current majority stakeholder in CAA after purchasing 35% of the company in 2010. Last year, CAA acquired rival mega agency ICM Partners in a $750 million deal.
CAA was founded in 1975, and is among Hollywood‘s three leading talent agencies along with William Morris Endeavor (WME) and United Talent Agency (UTA).
