EQT to acquire a minority stake in UTA from Investcorp and PSP Investments.

EQT, a private equity firm, agreed to acquire a minority stake in United Talent Agency, a global talent, entertainment and sports company, from Investcorp, a provider of investment services, and PSP Investments, a pension investment manager. Financial terms were not disclosed. "Since our original investment in 2018, PSP Investments and Investcorp have been working closely with Jeremy Zimmer and his management team to continue to strengthen UTA's exceptional market position. During this time, UTA has proven its abilities to perform, innovate and diversify as a leading entertainment company. We are excited to continue this journey with UTA and to welcome EQT. Together, we will be a driving force in supporting UTA's long-term growth," Martin Longchamps, PSP Investments Managing Director and Head of Origination and Execution.