Temasek among second-round bidders for Learfield Communications

A woman passes a logo of state investor Temasek Holdings at their office in Singapore July 8, 2014. REUTERS/Edgar Su

Temasek Holdings Pte, the Singaporean state-owned investment group, is among the bidders for Learfield Communications Inc., people familiar with the matter said.

Temasek is in the second round of the Learfield auction, as are entertainment and sports talent group Creative Artists Agency LLC and Thomas H. Lee Partners, said the people, who asked not to be named because the information is private. Temasek may opt to bid in tandem with another group, one of the people said.

Learfield, which has been owned by private equity firm Providence Equity Partners since 2013, could fetch as much as $1.2 billion in a sale, the people said. Moelis & Co. is advising Providence on the process, they said.

Representatives for CAA, Thomas H. Lee Partners, Providence and Moelis declined to comment. Representatives for Temasek and Learfield didn’t respond to requests for comment.

Learfield, based in Jefferson City, Missouri, helps athletic departments negotiate sponsorship and licensing deals. Its clients include the University of Alabama and Northwestern University, according to its website.

CAA, which is owned by private equity firm TPG, started its sports consultancy unit in October 2011 and now manages more than $2.5 billion in sponsorship rights, according to its website. The company also manages athletes, including the National Basketball Association’s Dwyane Wade and the National Football League’s Richard Sherman, according to its website.

TPG first invested in CAA in 2010 and then increased its holding to a majority stake in 2014. CAA has been an active acquirer, buying Munich-based consultancy Cemano Communication and Los Angeles-based PGW in 2016 and 2014, respectively.

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Scott Soshnick also contributed to this story

Bloomberg

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.