RedBird Capital Group and StepStone Group unveiled a deal to acquire Talent Systems, a company that specializes in technology tied to the casting and auditioning process.
Private equity is keeping its investment in all aspects of Hollywood going even amid a broader market downturn.
On Tuesday, RedBird Capital Group, led by founder Gerry Cardinale, and StepStone Group unveiled a deal to acquire Talent Systems, a company that specializes in software and technology tied to the casting and auditioning process for Hollywood productions. The company, led by co-CEOs Rafi Gordon and Alex Amin, managed over 50,000 projects and 2 million auditions in 2021, spanning films, TV series, commercials, theater and digital productions.
Terms of the deal were not disclosed, though the company’s leadership team and another of its investors, Caltius Equity Partners, will remain minority shareholders.
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