Private equity firm TPG has acquired literary management firm Grandview through its new subsidiary Initial Group. The company plans to merge Grandview with its actor-focused management firm Untitled Entertainment, and the merged companies will operate under the Untitled name.
Grandview co-founders Jeff Silver and Matt Rosen have been named managing partners of the combined firm along with Untitled founding partners Jason Weinberg and Stephanie Simon.
“Today’s announcement underscores the strength of our growing platform and our ability to attract the most visionary representatives of the entertainment industry,” Michel Pratte, CEO of Initial Group, said Monday. “In partnership with TPG and Jason, Stephanie and the entire Untitled team, I am excited to welcome Matt, Jeff and the Grandview family to the Starting Group.”
“By partnering with TPG and Michel earlier this year, we identified an opportunity that will allow us to expand our client offering and develop new avenues of collaboration,” Weinberg and Simon said. “In Matt and Jeff we find industry leaders in literary management, combined with a strong and exciting culture that they have fostered and that has attracted some of the most visionary representatives of the last decade. “We are excited to collaborate with the entire Grandview team and client list for years to come.”
“Through this acquisition, the Grandview team will gain a broader platform to leverage its status as the most respected literary management group in the media space,” Grandview said in a statement.
Grandview’s roster includes “Smile” writer-director Parker Finn, “Rebel Ridge” writer-director Jeremy Saulnier and “Top Gun: Maverick” director Joseph Kosinski.
Latham & Watkins LLP served as legal counsel to Initial Group. Eisner LLP and Venable LLP acted as legal counsel to Grandview. LionTree Advisors acted as financial advisor to Grandview.
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