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- Wasserman
Wasserman Valuation, Funding & Investors
Wasserman is valued at $3.4B as of July 2026.
Last Wasserman valuation
$3.4B
Secondary · Jul 2026
Last Wasserman funding round
Undisclosed stage
Amount undisclosed · Nov 2022
Cumulative funding Wasserman raised
$100M
across 2 funding rounds
Key investors in Wasserman
Providence Equity Partners
RedBird Capital Partners
Madrone Capital Partners
About Wasserman
Wasserman is a Los Angeles-based sports, music and entertainment marketing and talent-management agency that has traded as The Team since March 2026. Casey Wasserman founded it in 2002 as Wasserman Media Group and built it through acquisitions, including sports-marketing and naming-rights firm Envision in 2002, Arn Tellem's NBA and MLB agency in 2006, UK football agency SFX in 2006, Laundry Service in 2015 and Paradigm Talent Agency's North American music business in 2021, which became Wasserman Music. It represents athletes across football, baseball, basketball, hockey, golf and tennis as well as musicians, creators and speakers, and sells sponsorship for properties such as WTA Ventures, which appointed it sales agency of record in 2025. The agency earns commissions on player contracts and endorsements plus fees for marketing work; in 2020 it earned $331 million in commissions on $5.7 billion of signed contracts. By March 2026 its athlete business covered about 4,360 clients and $9.52 billion in estimated playing contracts. After Casey Wasserman's emails with Ghislaine Maxwell surfaced in the January 2026 Epstein files and several artists left, he put the company up for sale; Providence Equity Partners owned 60% and Wasserman 40%.
Founded
2002
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$3.4B (Jul 2026)
Sectors
Wasserman Valuation
Wasserman is currently valued at $3.4B, based on its secondary sale in July 2026. Read the announcement ↗
The round included Providence Equity Partners.
Wasserman valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2026 | Secondary | $3.4B |
Wasserman Funding History
Wasserman has raised a total of $100M across 2 funding rounds, plus 2 secondary share sales.
Wasserman's first fundraising round was a $100M undisclosed-stage round in September 2014. The most recent completed round was a undisclosed-stage round in November 2022.
Wasserman funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2026 | Secondary | Providence Equity Partners | - | $3.4B | Casey Wasserman confirmed on 28 July 2026 that he had sold his remaining stake in The Team, the agency formerly called Wasserman, to Providence Equity Partners, which already held about 60% of the business after investing in 2022. The price was not officially disclosed; Sportico reported that the deal valued the agency at about USD 3.4 billion. The sale followed the release in early 2026 of files related to Jeffrey Epstein that included flirtatious emails Wasserman had sent in the early 2000s to Ghislaine Maxwell. More than 20 artists left the agency, and in February 2026 Wasserman said he had become a distraction and would sell the company, which was renamed The Team in March. The sale process drew bids from rivals including United Talent Agency and Patrick Whitesell's WIN before Providence moved to consolidate its ownership, and Wasserman agreed to a non-compete as part of the transaction. Interim chief executive Mike Watts was named chief executive. The deal was expected to close in the second half of 2026, subject to customary conditions. Founded in 2002 as Wasserman Media Group, the agency built its business through acquisitions of sports and music agencies and marketing firms and had about 4,000 employees; it represents athletes, musicians and brands and earns commissions and marketing fees. |
| Nov 2022 | Undisclosed stage | Providence Equity Partners (lead) | - | - | Wasserman, the Los Angeles-based sports, music and culture agency, announced on 1 November 2022 a strategic investment from Providence Equity Partners, the private equity firm focused on media, communications, education and technology. The investment provided capital for growth initiatives and fully redeemed RedBird Capital Partners and Madrone Capital Partners, which exited as investors. Financial terms were not disclosed. RedBird had bought a 30 to 40 per cent shareholding in the agency in February 2021, and Madrone had previously been Wasserman's sole outside investor. Founder, chairman and chief executive Casey Wasserman kept a controlling ownership stake. The agency had recently expanded through the acquisitions of The Montag Group and Riddle & Bloom and through new divisions including Wasserman Music, launched in 2021 after it acquired Paradigm's North American live music business, and Wasserman Rugby. Founded in 2002, Wasserman represents athletes, musicians and brands, runs sponsorship and marketing consulting, and operates across six continents, 23 countries and more than 40 cities. |
| Feb 2021 | Secondary | RedBird Capital Partners | - | - | RedBird Capital Partners bought a significant minority stake in Wasserman Media Group, the sports marketing and talent agency founded by Casey Wasserman, Sportico reported on 11 February 2021. People familiar with the deal put the stake at between 30% and 40%; the valuation was not disclosed, and the transaction had closed in the autumn of 2020. RedBird bought the shares from Madrone Capital Partners, the family office tied to the Walton family, which had been Wasserman's only outside investor. The purchase was unrelated to RedBall Acquisition Corp., the $575 million SPAC RedBird had formed with Billy Beane in 2020. Wasserman and RedBird founder Gerry Cardinale, longtime friends, said the partnership was intended to scale the business globally, with Cardinale describing it as 'all about going on offense'. Wasserman, based in Los Angeles, combines an athlete and talent representation business that represents athletes, coaches and broadcasters across major sports with a marketing and consulting practice that advises brands and rights holders on sponsorship, events and media. Casey Wasserman, the grandson of Hollywood executive Lew Wasserman, founded the company in 2002 and remains chief executive and controlling owner. In 2022 Wasserman acquired the broadcast talent agency The Montag Group. |
| Sep 2014 | Undisclosed stage | Madrone Capital Partners | $100M | - | Madrone Capital Partners, the family office of Walmart heir Rob Walton, invested in Wasserman Media Group in September 2014 in a transaction reported at the time as worth USD 100 million. It was the second outside investment the sports and entertainment agency had taken since its founding: two years earlier Wasserman had received USD 25 million from Highbridge Capital Partners, according to SportsBusiness Journal. Founder Casey Wasserman remained the majority shareholder after the deal. Madrone was Wasserman's only outside investor until RedBird Capital Partners bought a stake of about 30% to 40% in 2020, and both RedBird and Madrone were bought out when Providence Equity Partners invested in November 2022. Wasserman Media Group was founded in 2002 by Casey Wasserman in Los Angeles and grew through acquisitions of sports representation, marketing and media businesses, including SFX Sports Group's European football business in 2006. It represents athletes in football, baseball, basketball, hockey, golf and Olympic sports, as well as musicians, and runs brand consulting and marketing services, earning commissions and fees. In 2014 Forbes listed it as the world's fifth most valuable sports agency, with USD 1.52 billion of contracts under management. |
Who has invested in Wasserman?
3 investors have backed Wasserman across its funding rounds, including Providence Equity Partners, RedBird Capital Partners and Madrone Capital Partners.
Lead investors include Providence Equity Partners.
Wasserman Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Nov 2022 | ||
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Start Free TrialAcquisitions by Wasserman
Wasserman has acquired 13 companies to date.
Last acquisition by Wasserman was on March 3rd 2025. Wasserman acquired bluemedia for undisclosed valuation.
Latest Acquisitions by Wasserman
| Description | bluemedia is a commercial printing company specializing in large-format graphics, signage, and custom fabrication. Phoenix-headquartered, it produces event décor, retail displays, vehicle wraps, and trade show exhibits using UV, latex, and digital ink technologies. The firm operates facilities in Arizona and Nevada, serving clients like Disney, Coca-Cola, and Super Bowl events. bluemedia handles end-to-end projects from design through installation for brands in entertainment, hospitality, and corporate sectors nationwide. | International Football Management is a Swiss football agency, legally IFM - International Football Management GmbH, based in Winterthur, that represents professional players and advises clubs and associations. Its founder, Wolfgang Vöge, a former Bundesliga player with Borussia Dortmund and Bayer Leverkusen who also played for FC Lugano, FC Winterthur and FC Zürich, was one of the first professional player agents in Europe in the late 1980s. The agency advises more than 50 footballers under contract in Switzerland and most of Europe's major leagues, including Cedric Zesiger of BSC Young Boys. Besides contract and transfer negotiation, its services cover career planning, legal and financial advice, sponsorship and testimonial campaigns, insurance, media coaching and charity projects. It earns commission on player contracts and fees for these advisory services. In September 2024 IFM became part of Wasserman, the US sports and entertainment agency since rebranded THE.TEAM, and now operates as THE.TEAM Switzerland with an office in the Glatt Tower in Wallisellen and access to the group's network in 27 further countries. | Long Haul Management is a Los Angeles-headquartered firm managing digital talent rights for creators in gaming, sports, and entertainment. It represents influencers via longhaulmgmt.com, facilitating audience growth, content monetization, and brand partnerships. The agency negotiates deals with platforms like Twitch and YouTube, building media businesses around esports athletes and content producers. | Volante Sports is a British football talent agency, based in London, that represents women footballers and was the United Kingdom's foremost women's football agency when it was sold. It offers bespoke, personalised representation to players in the Women's Super League and WSL2, covering contract negotiations and transfers, commercial and brand partnerships, and career and personal management, and earns commissions and fees on the deals it negotiates for clients. Its roster has included England striker Alessia Russo, Jorja Fox, Leah Galton, Lois Joel, Anna Patten, Emily Ramsey, Lucy Staniforth and Maisie Symonds. Director Luca Russo and the agency built close to a decade of experience in the women's game before the sale. In April 2024 Volante was acquired by Wasserman, the Los Angeles-based sports, music and entertainment marketing and representation company founded by Casey Wasserman in 2002, in a deal announced by Wasserman's head of global soccer Richard Motzkin; Luca Russo joined Wasserman as vice president of women's football for Europe. Volante's players joined Wasserman's existing women's football roster, which had 13 clients at the most recent Women's World Cup, as part of a string of 2024 agency acquisitions that also included Momentum Hockey and International Football Management; Wasserman has since rebranded as THE·TEAM. | |
| HQ Country | |||||
| HQ City | Tempe, AZ | Winterthur | Los Angeles, CA | London | |
| Deal Date | 3 Mar 2025 | 10 Sep 2024 | 4 Sep 2024 | 11 Apr 2024 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Wasserman acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Investments by Wasserman
Wasserman has invested in 3 companies to date.
Latest investment by Wasserman was on March 20th 2025. Wasserman invested in Carbon Arc in their $56M Series A round.
Latest Investments by Wasserman
| Description | Carbon Arc is a data exchange platform transforming siloed datasets into queryable insights for finance, retail, and media sectors. Data owners list assets on the two-sided marketplace where buyers access pay-per-query analytics. San Francisco-headquartered, Carbon Arc shifts data costs from capital to operational expenditure. It integrates with tools like Snowflake for real-time monetization. | SOS is a Boston-based health and wellness company founded in 2017 as a Techstars portfolio member. The firm operates smart vending machines stocking hydration drinks, snacks, and essentials in airports, offices, and gyms across the Northeast U.S. Using IoT for inventory and cashless payments, it delivers on-demand necessities through a network exceeding 100 units. | Meadowlark Media is an American sports media company and creative studio that develops and produces personality-driven podcasts, video series and documentaries, with teams in New York, Miami and Los Angeles. It was formed in 2021 by former ESPN president John Skipper and former ESPN host Dan Le Batard after Le Batard left ESPN. Its shows include The Dan Le Batard Show with Stugotz, produced from the Elser Hotel in downtown Miami, the Le Batard & Friends podcast network, South Beach Sessions, Nothing Personal with David Samson, Football America! and the award-winning Pablo Torre Finds Out, distributed on podcast platforms, YouTube and streaming services. The company earns revenue from content distribution and licensing deals, advertising and sponsorship, and merchandise. In April 2021 it raised a $12.6 million Series A from investors including DAZN, DraftKings, Wasserman and Michael Lynton, and DraftKings signed a multiyear distribution, monetisation and sponsorship agreement reported to pay Meadowlark at least $50 million over three years for rights to its Le Batard shows. Skipper served as chief executive until his later departure. |
| HQ Country | |||
| HQ City | New York City, NY | Boston, MA | - |
| Deal Date | 20 Mar 2025 | 22 Jun 2023 | 1 Apr 2021 |
| Round | Series A | Series A | Series A |
| Raised | $56M | $8M | $13M |
| Investors | K5 Global; Liberty City Ventures; Raptor Group | Third Sphere | DraftKings; DAZN; Michael Lynton; EMJ Ventures; Ares Management; Carmen Busquets; Verance Capital |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
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Wasserman Competitors
Wasserman competitors include listed companies like Hakuhodo Dy Holdings, Stagwell, CyberAgent and Strive, and private ones like WME and LTK.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $5.4B | $400M | $3.2B | 0.5x | ||
| Publicly listed | $2.9B | $404M | $2.9B | 1.4x | ||
| Publicly listed | $5.5B | $476M | $4.1B | 0.6x | ||
| Publicly listed | $4M | ($21M) | $2.7B | 339.3x | ||
| Private | $1.7B | - | $5.5B | 3.2x | ||
| Private | - | - | $2B | - |
Wasserman Public Comps
Wasserman is still privately-owned, but its public comps include Hakuhodo Dy Holdings, Stagwell, Strive, CyberAgent, Autohome, Stroeer, Havas, Zhewen Interactive Group, Guangdong Advertising and Outfront Media.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5.4B | $400M | 0.6x | 0.5x | 7.7x | 7.0x | |||
| $2.9B | $404M | 1.5x | 1.4x | 11.0x | 9.0x | |||
| $4M | ($21M) | 989.0x | 339.3x | (168.8x) | (65.9x) | |||
| $5.5B | $476M | 0.7x | 0.6x | 8.1x | 6.5x | |||
| $968M | $172M | 0.3x | 0.4x | 1.7x | 3.0x | |||
| $2.3B | $676M | 1.4x | 1.3x | 4.8x | 4.5x | |||
| $3.3B | $467M | 0.7x | 0.7x | 5.1x | 4.4x | |||
| $1.3B | $33M | 1.6x | - | 61.2x | - | |||
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Common questions about Wasserman
| When was Wasserman founded? | Wasserman was founded in 2002. |
| Where is Wasserman headquartered? | Wasserman is headquartered in Los Angeles, CA, United States. |
| Is Wasserman publicly listed? | No, Wasserman is a private, VC-backed company. |
| What is Wasserman's valuation? | Wasserman was last valued at $3.4B in its secondary sale in July 2026. |
| How much funding has Wasserman raised? | Wasserman has raised $100M across 2 funding rounds. |
| What was Wasserman's last funding round? | Wasserman's last funding round was a undisclosed-stage round in November 2022, led by Providence Equity Partners. |
| Who are Wasserman's investors? | Wasserman's investors include Providence Equity Partners, RedBird Capital Partners and Madrone Capital Partners. |
| Which companies are comparable to Wasserman? | Companies comparable to Wasserman include Hakuhodo Dy Holdings, Stagwell, CyberAgent, Strive, WME and LTK. |
| How many companies has Wasserman acquired? | Wasserman has acquired 13 companies, including bluemedia, International Football Management, Long Haul Management, Volante Sports and Brillstein Entertainment Partners. |
| How many companies has Wasserman invested in? | Wasserman has invested in 3 companies, including Carbon Arc, SOS and Meadowlark Media. |
| What was Wasserman's last investment? | In March 2025, Wasserman invested in Carbon Arc's $56M Series A alongside K5 Global, Liberty City Ventures and Raptor Group. |
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