Cast & Crew | November 26, 2021
TEAM (Tours Entertainment Advertising & Music), a portfolio company of TorQuest Partners, offers a comprehensive suite of software and services that supports the production of advertising, music, and concert tours and live events industries. The company's Payroll division spans union & non-union talent, crew, music and events and its Business Affairs division offers services including talent & production business management, celebrity and influencer engagement, rights management, traffic and network clearance as well as Signatory support for North American performer unions. The company's technology products include robust talent and rights management platform for estimating talent costs and tracking licensed element use, as well as TTC Online for contactless onboarding and timecard management. TEAM is based in Los Angeles, with regional offices in New York, Detroit, Portland, and Toronto.
"The TEAM Companies and Cast & Crew make an incredible combination, We each provide solutions to many of the advertising and entertainment industries' most critical challenges and do so in complementary ways for diversified segments of entertainment production. Their strength in the advertising, live events, and music industries has been the result of unwavering commitment to serving and innovating for their customers. By joining forces, we are bringing together the talent, technology, and expertise that will benefit each of our respective customers and enable the next generation of solutions for the next chapters of growth and transformation in our industry."
- John Berkley, Chief Executive Officer of Cast & Crew.
"Our investment in TEAM exemplifies TorQuest's strategy of partnering with strong management teams and investing in their businesses to achieve a shared vision for growth. TEAM has successfully executed on its growth strategy by providing superior customer service supported by a differentiated technology offering to its clients in the advertising, music and concert tours and live events industries. We are very grateful to Justin, Greg, An, Mujeebur, Eileen and all of the management and employees of TEAM for our partnership over the past four years and wish them continued success with Cast & Crew."
- Kasper Knokgaard, Partner of EQT.
Cast & Crew was represented by the law firm of Latham & Watkins, LLP and TEAM was represented by the law firm of Torys LLP. Houlihan Lokey acted as exclusive financial adviser to The Team Companies.
About Cast & Crew
Cast & Crew Entertainment Services, LLC is a leading international provider of mission-critical software and technology driven services including payroll and human resources, accounting and financial, reporting and data, and content and collaboration software and services to the entertainment industry. The company's products and services include payroll processing, production accounting software, residuals processing, workers' compensation services, labor relations, production incentives, as well as financing production tax credits. The company was founded in 1976 and is headquartered in Burbank, California, with offices in the U.S., Canada, the United Kingdom, India, and Germany.
About The TEAM Companies
Founded in 1992, The Team Companies offers a comprehensive suite of software and services that support the creation and production of content and experiences in Advertising, Music and Live Events. The company's Payroll division spans union & non-union talent, crew, and music and its Business Affairs division offers services including talent & production business management, celebrity & influencer engagement, rights management, traffic and network clearance as well as signatory support for North American performer unions. The Company's technology products include robust Talent & Rights Management platform for estimating talent costs and tracking licensed element use, as well as TTC Online for contactless onboarding and timecard management.
EQT is a leading investment firm with more than EUR 71 billion in assets under management across 27 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence, and market leadership.
About TorQuest Partners
Founded in 2002, TorQuest Partners is a Canadian-based manager of private equity funds. With more than C$3 billion of equity capital under management, TorQuest is currently investing from TorQuest Partners Fund V, a C$1.375 billion fund that closed in March 2020. TorQuest invests in middle market companies and works in close partnership with management to build value.
RECRUITMENT & RETENTION
SmartSearch® | November 25, 2021
With the recent release of Version 22, SmartSearch is excited to announce the launch of SmartSearch University, a one-stop-shop for clients to learn all things SmartSearch and help recruiters hire faster, better, and smarter while supporting those in need.
"At SmartSearch, we are always looking for ways to help our clients get the most out of their investment. We saw SmartSearch University as an opportunity for our clients to have their subject matter experts (SME) trained and become SmartSearch experts, maximizing their investment. SME's bridge the gaps for their organization's hiring needs to achieve greater recruiting and hiring efficiency,"
- LJ Morris, President & CTO of SmartSearch.
A key added benefit of the university's adoption by clients, is that SmartSearch donates to selected charities on behalf of those who complete certifications. At the beginning of the month, SmartSearch chooses one charity to donate to for each completed certificate—the more completed certificates, the more significant the donation. SmartSearch compiled the list of charities they support from surveying SmartSearch clients, ensuring support of charities close to clients' hearts.
Last month, SmartSearch client SME's achieved 16-course certificates, with donations made to St. Jude's Children Research Hospital for each certificate earned. In November, these donations will go towards, The Hunger Project addressing the root causes of hunger and poverty, emphasizing rural development and self-reliance. It enables local women and men to eradicate persistent hunger in their communities and make them more resilient so community members can cope with famine or other emergencies as they arise.
"We see a lot of excitement from our clients with this program. It allows us to deepen our relationships with our clients by providing additional resources and training to learn the system. We also learn what our clients care about as we walk alongside them by investing in charities they see making a difference in this world. We chose to go with The Hunger Project this month because they spend over 80% of their expenses on charitable programs. Their mission is to end hunger and poverty by pioneering sustainable, grassroots, women-centered strategies and advocation for their widespread adoption in countries throughout the world,"
- Debbie Sims, Client Success Director, SmartSearch.
SmartSearch provides next-generation talent acquisition and staffing management software to businesses in both the recruiting and corporate sectors. Our talent management and applicant tracking systems streamline the sourcing, recruiting, and hiring process in one easy-to-use, dynamic solution. We help our clients recruit effectively and efficiently, helping our clients to stay ahead of the curve in the ever-changing recruitment landscape.
Lafayette Square | November 24, 2021
Lafayette Square, an impact investment platform, and the Aspen Institute, a global nonprofit organization founded in 1949, announced a collaborative relationship focused on building financial security for the American worker and equitable access to workplace benefits.
In connection with the collaboration Lafayette Square will support the Aspen Institute's Benefits21 initiative, focused specifically on creating a modernized system of public and private benefits that ensures financial security for all workers.
Lafayette Square will actively leverage Aspen Institute's evidence-based research to support the development of innovative workplace benefits and identify what benefits and services companies should be offering to improve the lives of their workers.
This announcement comes shortly after Lafayette Square announced their participation in the Good Jobs Champions group, a diverse group of leaders convened by The Families Workers Fund and supported by Lafayette Square, The Aspen Institute, Bloomberg Beta, and others with the goal to spur the growth of jobs that provide both economic security and upward mobility for all.
"We are proud to collaborate with the Aspen Institute to champion the Benefits21 initiative, with a joint vision of providing equitable access to workplace benefits for employees across the country, We believe strongly in our model of combining capital and a comprehensive set of services such as workplace benefits to help entrepreneurs build financially secure workforces and, as a result, stronger and more successful companies."
- Antony Bugg-Levine, Managing Director and Co-Head of Community Impact at Lafayette Square.
"The Aspen Institute understands that workplace benefits should meet the needs of their employee base, which can vary depending on community and place, With our combined data and resources, we can determine which solutions will generate impact that improves the financial stability of workers, particularly in low-to-moderate income communities."
- Don Baylor Jr., Managing Director of Services and Co-Head of Community Impact at Lafayette Square.
Baylor Jr., has joined the Benefits21 Leadership Advisory Group at the Aspen Institute. As a member, Baylor Jr. will contribute his unique perspective on building an innovative, private sector human services platform that is integral to Lafayette Square's impact investment model.
The Benefits21 initiative aims to transform public and private benefits along four key principles:
People-centric: making workers and their voice, life, and experience central to system design and delivery.
Interoperable: using technology to integrate benefit systems and platforms to ensure seamless and responsive access.
Portable: to ensure continuity of access and funding as workers transition to new jobs, enter new work arrangements and piece together different types of work.
Inclusive: to protect all workers regardless of the work arrangement and employment status.
Benefits21 convenes leaders across business, policy, nonprofit and research organizations who have the common goal of developing a more modern, inclusive, and equitable system of benefits. The initiative will engage with employers, benefit advisors, benefit providers and administrators, policymakers, and legislators to spark innovation and accelerate the paradigm shift to modernize benefits for the 21st century workforce.
About Lafayette Square
Lafayette Square is an impact investment platform working locally to create an inclusive American economy. Our mission is to be the leading provider of impact-driven capital. We believe deploying capital and curating services will create economic opportunity for all. As we make investments, we work with a mission-aligned network to provide impactful services that improve the wellbeing of underserved people and communities. For more information about Lafayette Square, please visit www.lafayettesquare.com.
About Aspen Institute
The Aspen Institute is a global nonprofit organization committed to realizing a free, just, and equitable society. Founded in 1949, the Institute drives change through dialogue, leadership, and action to help solve the most important challenges facing the United States and the world. Headquartered in Washington, DC, the Institute has a campus in Aspen, Colorado, and an international network of partners.