CAA Launches Investment Bank CAA Evolution
Evolution Media Capital (EMC), the merchant bank of leading entertainment and sports agency Creative Artists Agency (CAA), and global strategic advisory firm M. Klein & Company (MKC) have partnered to launch CAA Evolution, an expanded investment bank and advisory firm serving the global sports, media and entertainment industries.
This combined firm is expected to compete with the likes of the Raine Group and LionTree. Financial terms of the deal were not disclosed.
More from Sportico.com
MLS Exclusive Deal With Black Banks Features $25 Million Loan
Notre Dame Debit Card Shows Banks Still Pay to Push Fee Products
Atlanta Hawks Strike Historic Deal With Black-Owned Bank Loan
MKC is a boutique investment bank and strategic advisor to long-standing clients of senior executives at S&P 500 and blue-chip companies around the globe. Founder Michael Klein has more than 35 years of experience advising companies and boards of directors on a range of strategic matters and transactions.
EMC, which was founded in 2008 and led by Robert Stanley, has broadly serviced various entertainment and sports organizations, advising on mergers and acquisitions, capital raises and other transactions. EMC’s sports media advisory practice, led by CAA Evolution president Alan Gold, has advised on a range of local deals for major sports leagues, federations, conferences and teams, in addition to providing OTT and digital strategies.
Collectively, the two firms have advised on more than $1.5 trillion in transactions. EMC and MKC also have a history of successful collaboration on a variety of sports and media deals.
“Bob, Alan and the EMC team have done an extraordinary job capitalizing on CAA’s uniquely vast set of relationships, resources, and industry intelligence in the sports and entertainment fields to become a premier strategic and financial services provider in these important industries,” Michael Klein said in a statement. “We look forward to bringing together the best of MKC and EMC to give CAA Evolution clients an offering like no other in the market.”
Through the new partnership, CAA Evolution expands its existing services to include large-cap media M&A, team sell-sides and capital markets advisory. CAA Evolution will also provide IPO advisory; fund and capital formation services; and strategic access to a range of institutional capital sources.
The newly combined team of nearly 60 employees will work collaboratively, operating out of New York City, Los Angeles and London.
Outside of the sports, media and entertainment industries, MKC will continue to operate as a separate firm, providing independent investment banking and capital markets solutions for its clients.
Best of Sportico.com
