Casey Wasserman Says “I Leave With Pride” as He Sells Stake In The Team to Providence Equity

Wasserman Deal Moves Forward With Investment From Providence

Casey Wasserman is one step closer to selling his agency. Providence Equity Partners today announced an additional investment in The Team (formerly Wasserman) to help the agency buy out its founder. Michael Watts will become the agency’s chief executive officer when the transaction closes. That is expected later this year. Terms were not dicslosed. Also […]

Casey Wasserman Says “I Leave With Pride” as He Sells Stake In The Team to Providence Equity

The move concludes a tumultuous few months for the management and production company.

THE•TEAM Leadership Confirms Providence Sale in Company Memo

THE•TEAM's sale to Providence Equity Partners was confirmed by leadership in a company memo sent on Tuesday (July 28).

Casey Wasserman's talent agency plans to buy his remaining stake with help from Providence Equity Partners, which has a ~60% stake, in a deal set to close in H2 (Elias Schisgall/Wall Street Journal)

Elias Schisgall / Wall Street Journal: Casey Wasserman's talent agency plans to buy his remaining stake with help from Providence Equity Partners, which has a ~60% stake, in a deal set to close in H2  —  Providence, a private-equity firm, will make an additional investment to help the agency buy Wasserman's stake