RedBird Capital Partners and StepStone Group to Acquire a Majority Stake in Talent Systems, LLC
Posted on 07/24/2022
RedBird Capital Partners, along with private markets investment firm StepStone Group (Nasdaq: STEP), signed a definitive agreement to acquire a majority stake in Talent Systems, LLC, a casting software and talent marketplace for the entertainment industry. Talent Systems was formed by Co-CEOs Rafi Gordon and Alex Amin and in 2021 managed over 50,000 projects and more than 2 million auditions, facilitating the effective discovery, auditioning and hiring of talent across film, television, commercials, theater and digital productions. With the deepest pool of professional talent and project roles, Talent Systems delivers valuable solutions to constituents across the casting process, including performers, studios, networks, casting directors, and talent and creative agencies. Its platform is supported by its interconnected brands that include Casting Networks, Spotlight, Cast It Systems, Casting Frontier and the recently acquired eTribez Casting Platform and Staff Me Up.
Talent Systems was formed by management and Caltius Equity Partners to acquire and build companies that provide technology-enabled solutions for the casting and audition management process for actors, models and other creative talent.
Advisors
Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor to RedBird. William Blair served as financial advisor to Talent Systems, and Morgan Lewis & Bockius LLP served as legal advisor to the company.