Caltius Equity Partners Sells Majority Interest in Talent Systems to RedBird Capital Partners

Caltius Equity Partners, a leading lower middle-market investment firm, has sold a majority interest in Talent Systems ("Talent Systems" or the "Company") to RedBird Capital Partners ("RedBird"). Caltius Equity Partners will continue to be an investor in Talent Systems. The transaction closed on August 4, 2022.

Caltius Equity Partners partnered with co-CEOs Rafi Gordon and Alex Amin to form Talent Systems in 2017 with the vision of becoming a leading provider of technology-based casting and audition workflow solutions serving studios, production companies, casting directors, performers, models, and other creative talent. The Company manages thousands of projects and millions of auditions annually, facilitating the effective discovery, auditioning, and hiring of talent across film, television, commercials, theater, and digital productions.

"Caltius Equity Partners was steadfast in its partnership with Talent Systems, supporting our collective vision and helping to identify multiple ways in which our business could grow," stated Rafi Gordon, Talent Systems co-CEO. Talent Systems co-CEO, Alex Amin, added, "Caltius shared our focus on building a leading technology-based solution and on the importance of assembling a strong management team that is capable of delivering great service to our clients."

"We believe our experience with Talent Systems is a great example of the value we can create for all stakeholders when we work in concert with management to execute on carefully developed growth plans," said Garrick Ahn, managing director at Caltius Equity Partners. "We are excited to welcome RedBird as the lead partner for Talent Systems' next phase of growth."

William Blair served as financial advisor and Morgan Lewis & Bockius LLP served as legal advisor to Caltius Equity Partners and Talent Systems. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor to RedBird.

About Caltius Equity Partners

Caltius Equity Partners, founded in 1999, buys and builds lower middle-market companies in the business services, industrial services, IT and software, and consumer services industries. The Los Angeles-based firm targets investments from $10 million to $30 million per transaction for controlling or substantial minority ownership positions in businesses generating EBITDA from $2 million to $12 million. Caltius Equity Partners' creative and flexible solutions facilitate management buyouts, recapitalizations, and corporate growth. The firm's experienced team seeks to develop deep relationships with its portfolio companies' management, helping them grow their businesses and optimize liquidity events. Learn more at www.caltiusequitypartners.com.