Announces First Investment in Leading Hollywood
Management Company Untitled Entertainment
TPG (NASDAQ: TPG), a leading global alternative asset management
firm, today announced the formation of a new company (the
“Company”) that will acquire, invest behind, and build a
diversified global business centered on talent management,
representation, and adjacent verticals. Michel Pratte, former
President of Boat Rocker Media ("Boat Rocker”), has been named CEO
of the newly established Company and Eric Taitz, former EVP of
Corporate Development and Strategy at Boat Rocker will serve as the
Company’s Chief Operating Officer. In tandem with this
announcement, the Company is making its first investment into
Untitled Entertainment (“Untitled”), a leading Hollywood talent
management business with a 25-year track record representing many
of the entertainment industry’s most successful and celebrated
talent.
Untitled’s Founding Partners, Jason Weinberg and Stephanie Simon
will each roll a significant financial interest into the new entity
alongside Untitled’s current majority owner, Boat Rocker. Weinberg
and Simon will continue as Co-CEOs and Partners leading
Untitled.
“We see an opportunity to leverage TPG’s longstanding experience
partnering with leading players in the space to create a talent
representation company with the resources and capabilities to
benefit managers and the talent they serve,” said Jacqui Hawwa, a
Business Unit Partner at TPG Growth. “Untitled has a strong
reputation within the entertainment industry and an impressive
roster of clients. Their team is an ideal first partner and we see
a significant opportunity to scale the Company and ultimately
collaborate across multiple complementary talent verticals with
subsequent investments. Together with Michel, Jason, and Stephanie
we have the right team in place to build an industry-leading
company.”
“As the broader entertainment industry continues to evolve, a
more complex landscape means more opportunities than ever for
ambitious talent and their representatives,” said Pratte. “The
future of representation increasingly requires relentless
proactivity combined with access to world class tools that drive
innovation and growth. This new Company will empower Untitled and a
future group of complementary talent-centric businesses to harness
the extraordinary talents of diverse clients on their journey to
achieving their highest career ambitions. I look forward to
building this Company with TPG, continuing my fifteen-plus year
relationship with Boat Rocker, and working even more closely with
Jason, Stephanie, Untitled Partners Evan Hainey, Elise Konialian,
Jennifer Levine, Jason Newman, Alissa Vradenburg, and the entire
Untitled team.”
“The teams at TPG and Boat Rocker share our belief that scaled
offerings are the future of talent management and together, we are
focused on building a management and representation business with
expanded resources for managers and their clients,” said Weinberg
and Simon. “With a broader ecosystem of relationships, shared
services departments, better client management tools, and new
avenues for collaboration, this partnership ushers in a new chapter
for Untitled while maintaining the culture and mission that has
guided us for many years. We are excited to build on Untitled’s
strong momentum and for the many opportunities ahead.”
TPG has significant experience investing across the
entertainment, talent management, media, and music industries, with
investments including Calm, Creative Artists Agency (CAA), DirecTV,
Entertainment Partners, Fandom, Musixmatch, and Spotify.
TPG Growth, the middle market and growth equity platform of TPG,
is funding the investment.
Latham & Watkins LLP and Blakes, Cassels & Graydon LLP
served as legal counsel to TPG. Venable LLP served as legal
advisors to Jason Weinberg and Stephanie Simon. LionTree Advisors
acted as financial advisor and Paul, Weiss, Rifkind, Wharton &
Garrison LLP and Stikeman Elliott LLP served as legal advisors to
Boat Rocker.
About TPG
TPG is a leading global alternative asset management firm,
founded in San Francisco in 1992, with $224 billion of assets under
management and investment and operational teams around the world.
TPG invests across a broadly diversified set of strategies,
including private equity, impact, credit, real estate, and market
solutions, and our unique strategy is driven by collaboration,
innovation and inclusion. Our teams combine deep product and sector
experience with broad capabilities and expertise to develop
differentiated insights and add value for our fund investors,
portfolio companies, management teams, and communities. For more
information, visit www.tpg.com.
About Untitled Entertainment
Untitled Entertainment is a leading Hollywood talent management
company with a 25-year track record representing many of the
entertainment industry’s most successful and celebrated talent,
working in all areas of the industry including film, TV, theater,
fashion, digital media, and music.
About Boat Rocker
Boat Rocker (TSX: BRMI) is the home for creative visionaries. An
independent, integrated global entertainment company, Boat Rocker’s
purpose is to tell stories and build iconic brands across all
genres and mediums. With offices around the world, Boat Rocker's
creative and commercial capabilities include Scripted, Unscripted,
and Kids and Family television production, distribution, brand
& franchise management, a world-class animation studio, and
talent management through a minority stake in a new company
launched by TPG. A selection of Boat Rocker's projects include:
Invasion (Apple TV+), Palm Royale (Apple TV+), Orphan Black: Echoes
(AMC), American Rust: Broken Justice (Prime Video), Beacon 23
(MGM+), Pretty Baby: Brooke Shields (Hulu), Downey's Dream Cars
(Max), BS High (HBO), Orphan Black (BBC AMERICA, CTV Sci-Fi
Channel), Dear…(Apple TV+), Billie Eilish: The World's a Little
Blurry (Apple TV+), The Next Step (BBC, Corus, CBC), Daniel
Spellbound (Netflix), and Dino Ranch (Disney+, Disney Junior, CBC).
For more information, please visit www.boatrocker.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240627120345/en/
TPG Julia Sottosanti media@tpg.com
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