Creative Artists Agency (CAA) has a new majority shareholder, Artémis. The Pinault family’s investment company, Artémis has agreed to acquire the stake in CAA previously held by global investment firm TPG. Through the arrangement, announced Thursday (Sept. 7), CAA’s Bryan Lourd, Kevin Huvane, and Richard Lovett have each made long-term commitments to continue leading the agency and will remain as co-chairmen of CAA. Lourd is expected to be named CEO following the completion of the purchase, while Jim Burtson, who led the CAA deal team, will remain president of CAA. Financial terms were not disclosed. “As
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