CAA has formed CAA Evolution, an investment bank and advisory firm poised to make deals across sports, media and entertainment.
The new entity was created through a combination of CAA’s 15-year-old merchant bank, Evolution Media Capital, and boutique strategic advisory firm M.
Klein & Company. CAA Evolution’s workforce of nearly 60 employees will be based in New York, LA and London. The newly constituted venture enlarges CAA’s scope of activity beyond its existing presence in media rights deals and capital raises.
CAA Evolution will advise on IPOs; fund and capital formation services; and strategic access to a range of institutional capital sources, according to a press release.
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