After a lot hypothesis, literary administration outfit Grandview has formally been acquired by world funding agency TPG and can merge with the already TPG-owned expertise administration agency Untitled.
The mixed firm will likely be referred to as Untitled, whereas TPG has introduced that its entertainment-centric outfit which it launched in the summertime when it acquired a majority stake in Untitled will likely be named Preliminary Group. In as we speak’s announcement, TPG famous that Grandview will bolster Untitled’s efforts in lit illustration.
Jeff Silver and Matt Rosen, who co-founded Grandview, will likely be named managing companions with Untitled’s founding companions Jason Weinberg and Stephanie Simon. Grandview’s Merideth Bajana, Jeremy Platt, and Ben Rowe will be a part of Untitled companions Evan Hainey, Elise Konialian, Jennifer Levine, Jason Newman, Steven Nossokoff, and Alissa Vradenburg.
Grandview’s shopper checklist consists of high filmmaking names like Joseph Kosinski, Hiro Murai, Adam Wingard, and Dan Trachtenberg.
“Ten years in the past, we began Grandview to construct a house for artists and people who symbolize them,” mentioned Silver and Rosen in a joint assertion. “We’re extremely pleased with the tradition that we’ve created, the assist we’ve acquired from the neighborhood, and the storytellers that we’ve labored with – the main voices of their era. Our guiding rules have all the time been Expertise, Ambition, and Character. Jason and Stephanie have constructed Untitled from these shared beliefs, and their dedication to their purchasers and colleagues is inspiring.”
“In partnering with TPG and Michel earlier this 12 months, we recognized a possibility that may enable us to increase our shopper choices and develop new avenues for collaboration,” mentioned Weinberg and Simon. “In Matt and Jeff, we discovered trade leaders in literary administration, mixed with a strong and thrilling tradition that they’ve fostered and that has attracted a number of the most forward-thinking representatives over the previous decade. We’re excited to collaborate with the complete Grandview crew and shopper roster within the years forward.”
Grandview has been on the middle of gross sales conversations, beforehand having been in talks to be acquired Nameless Content material. Final 12 months, Grandview’s sister Automatik manufacturing firm was merged with Vary Media Companions.
As for TPG, the corporate bought its majority stakes in CAA final 12 months to Artémis. Extra leisure acquisitions are anticipated for Preliminary Group underneath CEO Michel Pratte.
Eisner LLP served as authorized advisor to Grandview.