As Anthony D’Amato preps backstage at Sony Hall in midtown Manhattan, it’s hard not to notice his six-foot height, horn-rimmed glasses — and the name “Amy” in large black letters on the side of his head. It’s not a tattoo, just black liquid eyeliner easy to wash off, but it suits the occasion. In a few minutes, the New Jerseyan and his 12-piece band will walk onstage, take their places beneath an LED sign lit up with Amy Winehouse’s first name and a simulation of her signature beehive,...
- 4/25/2024
- by David Browne
- Rollingstone.com
ICM Partners announced on Monday that it has sold a minority stake in the company to New York-based private equity firm Crestview Partners as a strategic investment to help fuel the talent agency’s growth.
The investment is somewhere around $150 million for a one-third stake in the company, an individual with knowledge of the deal told TheWrap.
The deal was announced by ICM managing director Chris Silbermann, who said that the strategic investment will help accelerate its domestic and international expansion, enhance services and provide more resources to its clients.
Also Read: ICM Partners Promotes 3 Women to Agency Ranks
“We have always dedicated ourselves first and foremost to our clients and are proud to be a singularly focused representation company,” Silbermann said in a statement. “As our team strategized about growing the agency to be the best it could for our clients, we believed Crestview, with its strong track record of backing media companies,...
The investment is somewhere around $150 million for a one-third stake in the company, an individual with knowledge of the deal told TheWrap.
The deal was announced by ICM managing director Chris Silbermann, who said that the strategic investment will help accelerate its domestic and international expansion, enhance services and provide more resources to its clients.
Also Read: ICM Partners Promotes 3 Women to Agency Ranks
“We have always dedicated ourselves first and foremost to our clients and are proud to be a singularly focused representation company,” Silbermann said in a statement. “As our team strategized about growing the agency to be the best it could for our clients, we believed Crestview, with its strong track record of backing media companies,...
- 12/16/2019
- by Trey Williams
- The Wrap
ICM Partners has received an investment from New York-based private equity firm Crestview Partners. Financial terms were not disclosed, but the agency confirmed the ICM partnership will maintain majority ownership, with Crestview Partners becoming a minority owner. According to sources, Crestview paid about $150 million for a third of the agency.
The deal comes seven and a half years after ICM completed a management buyback to become a partnership, 100% owned and operated by its agents. That included buying out private equity firm Rizvi Traverse Management, which owned 80% of the agency.
ICM Partners has become an outlier among the Big 4 agencies in terms of ownership. CAA is majority owned by private equity fund Tpg, while private equity firm Silver Lake Partners owns a significant stake in Wme. UTA, which had been a partnership, last year sold a minority equity stake to Investcorp and the Public Sector Pension Investment Board.
ICM plans to...
The deal comes seven and a half years after ICM completed a management buyback to become a partnership, 100% owned and operated by its agents. That included buying out private equity firm Rizvi Traverse Management, which owned 80% of the agency.
ICM Partners has become an outlier among the Big 4 agencies in terms of ownership. CAA is majority owned by private equity fund Tpg, while private equity firm Silver Lake Partners owns a significant stake in Wme. UTA, which had been a partnership, last year sold a minority equity stake to Investcorp and the Public Sector Pension Investment Board.
ICM plans to...
- 12/16/2019
- by Nellie Andreeva
- Deadline Film + TV
ICM Partners has become the latest Hollywood talent agency to partner with a private equity firm, selling a one-third stake in the agency to Crestview Partners for about $150 million.
The deal marks a milestone for the current iteration of ICM, which became a partner-owned agency in May 2012 when Chris Silbermann and 28 other partners bought the company back from its previous private equity partner, Rizvi Traverse Management. Relations between Rizvi and ICM became fraught by the end of the relationship that spanned about seven years.
This time around, Silbermann maintains the structure of the agency’s deal with Crestview is different. The partnership structure remains the majority owner of ICM. But as part of the capital influx, the partnership will undergo some transition as some existing equity holders will be bought out.
“We structured it much differently than before,” Silbermann told Variety. “We have control of the agency. I am the...
The deal marks a milestone for the current iteration of ICM, which became a partner-owned agency in May 2012 when Chris Silbermann and 28 other partners bought the company back from its previous private equity partner, Rizvi Traverse Management. Relations between Rizvi and ICM became fraught by the end of the relationship that spanned about seven years.
This time around, Silbermann maintains the structure of the agency’s deal with Crestview is different. The partnership structure remains the majority owner of ICM. But as part of the capital influx, the partnership will undergo some transition as some existing equity holders will be bought out.
“We structured it much differently than before,” Silbermann told Variety. “We have control of the agency. I am the...
- 12/16/2019
- by Cynthia Littleton
- Variety Film + TV
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