The Creative Artists Agency (CAA) has announced the launch of a new investment bank that will focus on unlocking new commercial opportunities in global sports.
The new CAA Evolution entity will include CAA’s merchant bank Evolution Media Capital (EMC), as well as the agency’s advisory firm M. Klein & Company (MKC), and will have 60 employees based in offices across London, Los Angeles and New York City.
From launch, CAA Evolution will deal with initial public offerings (IPOs), fund and capital formation services, as well as access to institutional capital sources. Moreover, the new enterprise will also support executive decision making on a variety of issues ranging from sourcing talent to dealing with unsolicited offers.
EMC has previously engaged numerous sports organisations to advise them on merger and acquisition deals and other key transactions. Newly-picked CAA Evolution President Alan Gold has also negotiated on behalf of big sports leagues, teams and federations.
On the other hand, MKC, spearheaded by its founder Michael Klein and his 35 years in the advisory business, has helped a number of companies and senior executives to broker various deals across the globe.
Klein added: “Bob, Alan and the EMC team have done an extraordinary job capitalising on CAA’s uniquely vast set of relationships, resources, and industry intelligence in the sports and entertainment fields to become a premier strategic and financial services provider in these important industries.
“We look forward to bringing together the best of MKC and EMC to give CAA Evolution clients an offering like no other in the market.”