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Mar 26,2019
Entertainment Partners Announces Investment From TPG

New  resources enhance capacity to realize vision for clients

Burbank,  CA, March 26, 2019 – Entertainment Partners (“EP” or the “Company”), the  leading global end-to-end provider of production workforce management and  automated production software and services to the entertainment industry,  announced today that it has reached an agreement to be acquired by TPG Capital,  the private equity platform of global alternative asset firm TPG.

EP’s  management team, led by Mark Goldstein, President and CEO, will continue in  their roles. Goldstein noted, “We’re thrilled to have found a partner that is  excited about our strategic vision as we support the evolution of the  entertainment industry. Through decades of hard work and dedication by our  talented team, and through a rewarding collaboration with the experts – our  clients – we have made great strides toward digitizing and integrating  production workflow. We now begin an exciting new chapter in which the  significant resources and expertise of TPG will greatly accelerate our vision.  We look forward to a productive long-term partnership that advances our  opportunities to deliver phenomenal service to our clients.”

EP partners with the production community to provide  industry-leading technology solutions and services that support clients’  efficiency, productivity, compliance and security. EP has pioneered significant  innovations that are unique in the entertainment industry, digitizing the entire,  end-to-end back-office processes of film and television production through its  SmartStudio suite, and transforming the workflows of the entertainment industry  from pre-production, to filming and production, to residual payment processing.

David Trujillo, Partner at TPG, said, “Our  investment in Entertainment Partners is the culmination of years of work in the  entertainment software and payroll technology industry. Entertainment Partners  is the market leader in this sector and we are excited to partner with  management on their client-first vision for the company. Having invested in the  continued proliferation of content across various forms of media, we believe in  Entertainment Partners’ strong potential for innovation and accelerated  growth.”

Colin  M. Henderson, President of Dallas-based Strategic Investment Counsel  Corporation, has served as the Company’s Trustee, providing governance to EP  since the inception of its Employee Stock Ownership Plan in 2004. “It has been  extremely rewarding to work with Entertainment Partners and witness the impact  they have made,” noted Henderson. “This transaction represents an outstanding  win for their client base, management and employees, and ultimately the  production community.”

Terms  of the transaction, which is expected to close in the second quarter of 2019,  were not disclosed. American Discovery Capital acted as exclusive financial  advisor to the Company in this transaction.   Skadden, Arps, Slate, Meagher & Flom LLP acted as M&A counsel to  the Company in this transaction.

About Entertainment Partners 

Entertainment  Partners (EP) is the global leader in entertainment payroll, workforce  management, residuals, tax incentives, finance, and other integrated production  management solutions with offices across the U.S. and Canada. Currently on a  mission to digitize the paper-heavy back office processes of entertainment  production, EP combines unparalleled expertise and innovative technology to enable  its clients to produce the most cost-effective and efficient film, television,  digital, and commercial projects. Its accounting systems and Movie Magic  Budgeting and Scheduling programs have long been industry standards and its  SmartStudio suite, comprised of SmartAccounting, SmartStart, SmartTime,  Scenechronize, SmartHub, SmartResiduals and SmartCards, is the first end-to-end  integrated platform connecting the production community and providing new  insights for better collaboration and decision making. Its renowned incentives teams  assist and advise productions all around the world, and casting and payroll for  background actors is handled through its legendary Central Casting division, a  Hollywood icon since 1925.

About TPG

TPG  is a leading global alternative asset firm founded in 1992 with more than $103  billion of assets under management and offices in Austin, Beijing, Boston,  Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow,  Mumbai, New York, San Francisco, Seoul and Singapore. TPG’s investment platforms  are across a wide range of asset classes, including private equity, growth  venture, real estate, credit, and public equity. TPG aims to build dynamic  products and options for its investors while also instituting discipline and  operational excellence across the investment strategy and performance of its  portfolio. For more information, visit www.tpg.com.

Media  Contact

TPG Capital 
  Luke Barrett
  415-743-1550
  media@tpg.com
 
  Entertainment Partners
  Ron Cogan
  818-955-6295
  rcogan@ep.com