United Talent Agency is acquiring a stake in New York investment bank AGM Partners, as the talent agency seeks other business opportunities for growth beyond client representation. Financial terms of the investment were not disclosed.
The deal, termed as a “strategic alliance” between UTA and AGM, will allow UTA and its clients to receive guidance from AGM on deals. AGM, led by owner Alan Mnuchin, is a boutique investment bank that offers financial advisory services. As part of the deal, UTA will also be able to use AGM for principal investing opportunities to broaden the agency’s investment capabilities.