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UTA sells minority stakes

World News
August 28, 2018

UNITED STATES    

United Talent Agency (UTA) has announced it has received investment from Investcorp and PSP Investments, with each taking minority equity stakes in the company.

The agency, which also has interests in electronic music, live speaking and gaming, will use the investment to improve its services and resources. Bahrain-based Investcorp is a provider and manager of alternative investments, while PSP Investments is one of Canada’s largest pension investment managers.

“This is a transformative event for UTA,” says co-founder and CEO of UTA Jeremy Zimmer. “We were deliberate about finding the right investment partners who recognise UTA as a business that puts clients first, exemplifies a collaborative and diverse culture, and is focused long term on capitalizing on the unique opportunities that disruption and transformation provide.”

With headquarters in Los Angeles UTA also has offices in New York, Nashville, Miami and London in the UK. It acquired Neil Warnock’s The Agency Group (TAG) in 2015.

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