LOS ANGELES, February 8, 2012 /PRNewswire/ --
The Yucaipa Companies, a premier investment firm owned and run by Ron Burkle, today announced that it has invested in the Europe's premier talent and literary agency, Independent Talent Group.
Duncan Heath, Chairman of Independent said, "We have been looking for a strategic investor for years to help us expand our business, and in Ron we have found the perfect partner. His investment will increase the opportunities for our existing clients, as well as enable us to embark on exciting new ventures."
Ron Burkle said, "We are excited by our investment in Independent. We share Duncan's enthusiasm and look forward to helping the Independent team identify and execute on its strategic opportunities."
About Yucaipa Companies
The Yucaipa Companies is a premier investment firm that has established a record of fostering economic value through the growth and responsible development of companies. Since its founding in 1986, the firm has completed mergers and acquisitions valued at more than $30 billion. As an investor, Yucaipa works with management to strategically reposition businesses and implement operational improvements, resulting in value creation for investors. http://www.yucaipaco.com
About Independent Talent Group
Independent Talent Group is the leading talent and literary agency in Europe. Based in London with 32 agents, Independent represents many of the world's most celebrated and emerging talent working in film, television, theatre, radio and advertising. Through Independent Talent Brands, its joint venture with the Saturday Group, Independent provides brokerage, licensing and brand representation services to fashion brands, advertising agencies and public relations firms on a global basis. http://www.independenttalent.com
SOURCE The Yucaipa Companies