Focus and specialization is a go to market strategy, not just a trend. It’s also something you can expect to see much more of in HR technology. Private Equity firm TPG invests in Entertainment Partners, payroll provider focused on the entertainment industry.
Entertainment Partners (“EP”) the leading global end-to-end provider of production workforce management and automated production software and services to the entertainment industry, announced today that it has reached an agreement to be acquired by TPG Capital, the private equity platform of global alternative asset firm TPG.EP’s management team, led by Mark Goldstein, President and CEO, will continue in their roles. Goldstein noted, “We’re thrilled to have found a partner that is excited about our strategic vision as we support the evolution of the entertainment industry. Through decades of hard work and dedication by our talented team, and through a rewarding collaboration with the experts – our clients – we have made great strides toward digitizing and integrating production workflow. We now begin an exciting new chapter in which the significant resources and expertise of TPG will greatly accelerate our vision. We look forward to a productive long-term partnership that advances our opportunities to deliver phenomenal service to our clients.”