The End Of An Era?: CAA Partners Reportedly Cashing Out Of Agency

The End Of An Era?: CAA Partners Reportedly Cashing Out Of Agency

My sources tell me that, after months and months of negotiations with potential financial partners pursued by CAA, the agency has focused on KKR -- Kohlberg Kravis Roberts & Co, the New York City-based private equity firm. The deal being bargained is for KKR to invest a whopping $200M in Hollywood's most powerful agency. That's a huge cash infusion considering that CAA's revenues were around $300M in 2007 before the financial crisis struck. So why does CAA need so much money?...this is much more about CAA needing to raise additional cash as a liquidity event for its partners.

They say that CAA's 2nd generation of owners -- one-time Young Turks: Bryan Lourd, Kevin Huvane, Richard Lovett, Doc O'Connor -- are upfront about their desires to cash out of the agency business.

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