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James Grant Group Acquires Deckstar
UK-based talent management firm James Grant Group has expanded to the U.S. with the acquisition of Deckstar Management.
According to Music Business Worldwide, “The total value of the Deckstar deal was north of $20m, with additional funds coming from JGG’s coffers in addition to the Investec investment.
In addition, Deckstar’s founders – Lawrence Vavra and Matt Colon – are now shareholders in the James Grant Group, and will continue to guide the Deckstar business out of Los Angeles.” The move was reportedly facilitated by $12.1 million in funding from Investec Growth & Acquisition Finance.
James Grant Group offers a range of advice and services in areas such as accounting, brand marketing and live shows to its clients, which include sports, music, literary, social and entertainment professionals.
Its music clients include James Arthur, The Script and Manic Street Preachers. The group was acquired by equity firm Metric Capital in 2014.
Deckstar’s clients include Steve Aoki, Smashing Pumpkins, The Glitch Mob and Blink 182.
Investec’s Shaun Mullin said the deal was “a great example of how UK businesses can become truly global.” Neil Rodford, chief executive of James Grant Group, added: “These facilities will not only support this acquisition and further enhance our US offering, but it will help consolidate our position as a market leading transatlantic talent business across a range of sectors.”