LionTree
LionTree LLC is an American boutique investment and merchant bank that has a focus on industries related to technology, media and telecommunications (TMT). Although the firm is based in the United States, it also has a significant presence in Europe. LionTree also has a media company called Kindred Media.
 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2012 |
| Founders | Aryeh Bourkoff Ehren Stenzler |
| Headquarters | 745 Fifth Avenue, New York, U.S. |
Area served | Worldwide |
Key people | Aryeh Bourkoff (CEO) |
| Products | Investment banking Merchant banking |
Number of employees | 100[1] |
| Website | www.liontree.com |
LionTree LLC is an American boutique investment and merchant bank that has a focus on industries related to technology, media and telecommunications (TMT).[2][3] Although the firm is based in the United States, it also has a significant presence in Europe.[3] LionTree also has a media company called Kindred Media.[2][4]
History
[edit]LionTree was founded in June 2012 by Aryeh Bourkoff, former head of UBS's investment banking in the Americas, alongside fellow UBS alum, Ehren Stenzler who joined in July 2012.[2]
In 2016, LionTree opened additional offices in San Francisco and London.[5] In 2017, an office in Paris was opened.[6]
During the same year, LionTree founded Ocelot Partners, a special-purpose acquisition company that focuses on investment opportunities in the European TMT sector, along with Andrew Barron and Martin E. Franklin.[4][7] In March 2018, Ocelot Partners acquired Ocean Outdoor, a U.K.-based digital billboard company, from Searchlight Capital.[8]
In 2017, LionTree started its own media company, Kindred Media which produces the KindredCast podcast.[2][4]
On June 16, 2022, the University of California, San Diego renamed the RIMAC Arena to Liontree Arena after Liontree donated $5 million for scholar-athletes.[9]
Business overview
[edit]LionTree Advisors
[edit]The investment banking unit is called LionTree Advisors and provides services such as mergers and acquisitions, capital raisings, and initial public offerings.[10]
Notable deals LionTree was involved in include:
- CK Hutchison's acquisition of Italian mobile operator, Wind Tre,[3]
- Verizon's acquisition of AOL and Yahoo!,[4]
- The 2019 merger of CBS and Viacom,[1]
- Amazon's acquisition of MGM studios,[1]
- Take-Two Interactive's acquisition of Zynga[11]
- New York Times acquisition of The Athletic.[12]
LionTree Partners
[edit]LionTree Partners acts as the investment arm of Liontree. It mainly invests in companies from the TMT sector.[13] Notable investments include Astra,[citation needed] Fanatics, Inc.[14] and FuboTV.[15]
References
[edit]- ^ a b c Cohan, William D. (July 6, 2021). "How Aryeh Bourkoff Became Media's Hottest Dealmaker". The Hollywood Reporter.
- ^ a b c d Baker, Liana (May 18, 2021). "New York Boutiques Take Center Stage on AT&T-Discovery Megadeal". Bloomberg. Retrieved July 17, 2021.
- ^ a b c Clarke, Paul. "Revenue jumps 500% at boutique investment bank LionTree". www.fnlondon.com. Retrieved July 17, 2021.
- ^ a b c d de la Merced, Michael J. (December 18, 2017). "A Rainmaker Seeks to Grow His Firm at a Time of Big Media and Tech Deals". The New York Times. ISSN 0362-4331. Retrieved July 17, 2021.
- ^ Fontanella-Khan, James (May 26, 2016). "Boutique bank LionTree roars back into contention". Financial Times. Retrieved July 17, 2021.
- ^ Szalai, Georg (January 20, 2017). "LionTree Opens Paris Office Citing France's "Vibrant" Digital Sector". The Hollywood Reporter. Retrieved July 17, 2021.
- ^ Aidan Gregory (March 8, 2017). "Ocelot raises $425m in London Spac IPO for European tech acquisition". globalcapital.com. GlobalCapital.
- ^ "Ocelot Partners Buys Ocean Outdoor From Searchlight". The Wall Street Journal. Retrieved March 9, 2023.
- ^ Robbins, Gary (June 15, 2022). "UC San Diego changes name of RIMAC Arena to LionTree Arena". San Diego Union-Tribune. Retrieved March 27, 2023.
- ^ "LionTree Advisors Company Profile: Service Breakdown & Team | PitchBook". pitchbook.com. Retrieved July 17, 2021.
- ^ "Take-Two Interactive to Acquire Zynga in $12.7B Deal" The Hollywood Reporter January 10, 2022
- ^ "New York Times to acquire sports site The Athletic for $550 mln" Reuters January 6, 2022
- ^ "LionTree Partners - CB Insights". www.cbinsights.com. Retrieved July 17, 2021.
- ^ Dixon, Ed (December 7, 2022). "Fanatics valued at US$31bn as Clearlake leads US$700m funding round". SportsPro. Retrieved October 16, 2023.
- ^ Spangler, Todd (April 18, 2018). "FuboTV Banks $75 Million From AMC Networks, 21st Century Fox and Others". Variety. Retrieved October 16, 2023.
