ICM Partners has received an Investment from New York-based private equity firm Crestview Partners. Financial terms are not be disclosed, but the agency confirmed that the ICM partnership will main…
. Financial terms are not be disclosed, but the agency confirmed that the ICM partnership will maintain majority ownership, with Crestview Partners becoming a minority owner.
ICM Partners has become an outlier among the Big 4 agencies in terms of ownership. CAA is majority owned by private equity fund TPG, while private equity firm Silver Lake Partners owns a significant stake in WME. UTA, which had been a partnership, last year sold a minority equity stake to Investcorp and the Public Sector Pension Investment Board.ICM plans to use the investment to fund domestic and international expansion.
“ICM Partners, under the leadership of Chris Silbermann, has experienced dramatic growth both organically and through targeted strategic acquisitions,” said Brian Cassidy, Partner and Head of Media at Crestview. “We are thrilled to partner with Chris and the dedicated agents and senior management team at ICM Partners, to help accelerate their expansion at a time of unprecedented global demand for content, content creators and the artists that bring it all alive.
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