Secondary·Sports / Ent./Sports Media / Commercial Rights·July 28, 2026
Providence Equity increases investment in THE•TEAM
Michael Watts, who has served as President since 2014 and assumed day-to-day control earlier this year, will become CEO upon closing.
Takeaways
- THE•TEAM is a Global sports, music, entertainment, marketing, and talent representation company.
- Providence Equity Partners is investing in THE•TEAM.
BuyerProvidence Equity Partners
TargetTHE•TEAM
SponsorProvidence Equity Partners
TypeSecondary
IndustrySports / Ent.
Sub-sectorSports Media / Commercial Rights
Providence Equity Partners has recapitalized THE•TEAM, a global sports, music and entertainment agency, through an additional investment that will acquire founder Casey Wasserman’s remaining ownership interest.
Michael Watts, who has served as President since 2014 and assumed day-to-day control earlier this year, will become CEO upon closing.
Providence, which first invested in the agency in 2022, will remain the majority investor and continue to support organic growth and M&A.
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