Carlyle Group To Buy Majority Interest In Talent Partners - Quick Facts

(RTTNews) - Global alternative asset manager The Carlyle Group (CG) said that it has agreed to acquire a majority interest in Talent Partners, a New York-based talent payroll, production support services and rights management solutions provider to the advertising industry.

The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2014. Equity for the investment will come from the Carlyle Equity Opportunity Fund.

Paul Muratore, President and Chief Executive Officer of Talent Partners, will continue in his position as President and Chief Executive Officer.

Longtime investor Michael Donovan, who also serves as Executive Chairman of Mediaocean, will retain an investment stake in Talent Partners.

Also at this time, Matthew Kearney will join Talent Partners as Executive Chair of its Board of Directors. In this capacity, Kearney will be responsible for identifying and pursuing digital business opportunities in the advertising and media industries for Talent Partners. Prior to joining Talent Partners he served as Chairman of the international branding agency CO OP, as CEO of the U.S. for Daily MailOnline and as President and CEO of cinema advertiser, Screenvision.