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Private equity firm TPG ups stake in CAA, becomes majority owner
Private equity firm TPG ups stake in CAA, becomes majority owner

Private equity firm TPG Capital has increased its investment in talent agency Creative Artists Agency, making it the majority owner of the firm that represents such movie stars as Julia Roberts, Brad Pitt and Jennifer Lawrence. Financial terms of the investment were not disclosed. In a statement, the Century City-based agency said the deal would give it "additional capital and resources for continued growth." TPG, based in Fort Worth, acquired a 35% stake in CAA in October 2010. The new investment gives TPG approximately a 53% stake in CAA, according to a person with knowledge of the deal who was not authorized to comment publicly. In a statement, CAA said its management team...

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