CPPIB to invest $400 mln in talent manager WME/IMG
Canada Pension Plan Investment Board has agreed to invest US$400 million of equity in William Morris Endeavor Entertainment LLC (WME/IMG), a U.S. event organizer and talent agency. The investment, part of a US$1 billion deal also backed by Singapore's GIC, will give CPPIB an 8 percent interest in the company. Beverly Hills, California-based WME/IMG represents artists and creators in the entertainment and sports industries. It also owns and operates sports, fashion and entertainment events, such as the Miami Open, and produces sports programming, among other activities. WME/IMG's other investors include Silver Lake Partners.
2 August 2017•3 mins read
