Casey Wasserman and THE·TEAM, a leading global sports, music and entertainment company, have agreed to an additional investment by private equity firm Providence Equity Partners designed to provide capital for a transaction through which THE·TEAM will acquire founder Casey Wasserman's remaining ownership interest in the company. Mr. Wasserman founded the agency in 2002 and led its growth into a global marketing and talent representation business for over two decades.
The transaction marks the successful completion of a comprehensive sale process that attracted multiple rounds of bids from prospective buyers and investors. Providence first invested in THE·TEAM in 2022 and has since partnered with the management team to drive significant growth. Following the transaction, Providence will remain the company's majority shareholder.
Headquartered in Los Angeles, THE·TEAM’s talent representation business includes athletes, coaches, broadcasters, influencers and front office executives who play integral roles across every major global sport, with a presence spanning six continents.
The S&C team advising Casey Wasserman and THE·TEAM includes Alison Ressler, Rita-Anne O’Neill, Sahand Moarefy and Ryan Nober. Isaac Wheeler, Michael Orchowski and Bella Schapiro are advising on tax matters. Marc Treviño, Julia Paranyuk and Caleigh Steele are advising on employee benefits matters. Mehdi Ansari, Philippe Schiff and Patrick Ronan are advising on intellectual property matters. Renata Hesse and Nam Luu are advising on U.S. antitrust matters, and Juan Rodriguez and André Garcia do Fôjo are advising on non-U.S. antitrust matters. Ari Blaut is advising on financing matters.