PSP Investments, Investcorp acquire minority interest in UTA

Public Sector Pension Investment Board (PSP Investments) and Bahrain's Investcorp have acquired a minority interest in United Talent Agency (UTA), a Beverly Hills, California-based talent and entertainment company. Terms weren't released; however, Bloomberg reported the deal values UTA at about US$800 million. Founded in 1991, UTA represents artists and content creators in motion pictures, television, music, digital, broadcast news, books, theatre, video games, fine art and live entertainment. PSP Investments Head of Private Equity Simon Marc said UTA is "uniquely positioned to benefit" from transformative trends in the global entertainment and media industry.

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