• Loading stock data...
Sunday, May 25, 2025

CAA Forms Sports-Focused Investment Bank In Continued Expansion Push

  • Powerhouse agency looks to further expand dealmaking capabilities
  • Latest deal advances a wave of consolidation in the business
CAA logo on side on building
Shutterstock

In one of the first major moves since being acquired in September by French billionaire Francois-Henri Pinault in a $7 billion deal, Creative Artists Agency is forming a new sports-focused investment bank in partnership with dealmaker Michael Klein. 

CAA’s merchant bank Evolution Media Capital is working with M. Klein & Company to create CAA Evolution, a new investment bank and advisory firm targeting the global sports, media, and entertainment industries. 

The new entity will work on deals such as multibillion-dollar team sales and media company maneuvers, as well as advise on capital raising such as initial public offerings — areas previously considered largely outside the scope of CAA and Evolution Media Capital. The move pushes the agency into the kind of large-scale deal financing and advising that has been the province of firms such as the Raine Group and LionTree.

Over the past year, much of the agency world has seen an accelerating push for scale as consolidation continues to sweep through the business. Most recently, Excel Sports Management acquired REP 1 Football, bringing that agency into on-field player contract work for NFL players. 

MKC will continue to operate as a separate firm outside of sports, media, and entertainment. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Paul Skenes Blockbuster Trade Buzz Is Building. Will the Pirates Cash In?

Trade talk reflects the pitcher’s big surplus value and the Pirates’ struggles.

New CFP Seeding Rewards Rankings, Not Titles—Except on the Paycheck

Last season, only conference champions could earn first-round byes.

NBC Eyes MLB Rights, Looks to Own Sunday Nights Year-Round

The league continues to shop media rights being forfeited by ESPN.

Featured Today

How Rolex Paved the Way for Luxury’s Love Affair With Tennis

The gold crown logos are ubiquitous in the professional tennis world.
Mar 23, 2025; Miami, FL, USA; Alexandra Eala (PHI) reacts after winning a point against Madison Keys (USA)(not pictured) on day six of the Miami Open at Hard Rock Stadium.
May 24, 2025

Alex Eala Is Defying Her Country’s Odds to Make French Open History

The Philippines native has overcome a unique set of financial odds.
May 24, 2025

Indiana Is the Center of the Basketball Universe—Thanks to Both Pro Teams

The Fever and Pacers are thriving at the same time.
Around the Horn - October 26, 2020
May 23, 2025

‘Quirky, Nutty, Bombastic’: 10 ‘Around the Horn’ Faces on Their Top Moments

“A quirky, nutty, bombastic, mostly wrong, sometimes right, crazy sports family.”

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.
February 18, 2025

Tiger Woods Signs First PGA Tour Player to Wear Sun Day Red

Karl Vilips will wear Sun Day Red at his season debut at the Mexico Open.
Teammates embrace during matchup in The Hundred cricket league
February 15, 2025

Google, Microsoft, Adobe CEOs Buy Stakes in Cricket League

The England and Wales Cricket Board raised £520m by selling team stakes.