Private equity exited talent agencies with multibillion-dollar payouts

Evidence

In 2021, Endeavor became a public company through an IPO, valued at just over 10 billion. CEO Ari Emanuel's payday included a 308 million bonus, while his employees claimed they were shortchanged. Silver Lake’s stake and the amount of shares it sold were undisclosed, but would have been in the billions. … CAA, meanwhile, was acquired in 2023 by Groupe Artémis, the investment firm of the Pinault family, who operate a luxury goods empire and are one of the wealthiest families in the world. TPG’s profit in its investment is undisclosed, but it was reported to be a rate of return of more than 30 percent. — Andrew deWaard, Derivative Media, 262