CAA has hired Wall Street and sports-biz veteran Matteo Perale to help guide the agency’s expanding growth and diversification efforts.
Perale comes to the agency from Infront Sports and Media, where he was director of strategic development. Before Infront he spent more than a decade working in private equity and other investment firms including Bridgeport Capital, Intermediate Capital Group, Warburg Pincus and Palamon Capital Partners. He will be based in Los Angeles.
CAA said Perale’s appointment was meant to bolster its corporate management ranks as the agency continues to acquire disparate businesses around the world, many of them tied to sports and digital ventures. Last year the agency brought in Time Warner alum James Burtson as chief financial officer. Among its recent deals is the Icon Venue Group, which represents a slew of venues including London’s O2 arena.
“We are at an unprecedented level of growth, seizing incredible opportunities for the company and our clients,” said CAA president Richard Lovett in announcing Perale’s appointment. “Matteo comes to us with tremendous strategic and industry experience to help us continue to execute on our vision around the world.”
CAA’s growth plan has been fueled by its majority owner, private equity firm TPG, and by investments made through CAA’s Evolution Media Capital, which partnered with TPG Growth and Participant Media to invest up to $500 million in the media, technology and consumer sectors.
“As content, sports, media, technology and brands continue to converge, the opportunities for CAA and its clients are limitless,” Perale said.