NEW YORK, Jan. 23, 2017 /PRNewswire/ -- The Raine Group
("Raine"), a global merchant bank focused exclusively on
technology, media, and telecommunications, today announced the
opening of a newly expanded London
office in Marylebone. The firm also announced that
Jason Schretter has been promoted to
Partner and will be located in the firm's new London office.
Mr. Schretter, who joined Raine in 2010, focuses on advising and
investing across the global media and communications sector.
He will help lead the firm's efforts on the ground alongside
partner Fred Davis, who will
continue to split time between Europe and the US. Mr. Schretter will
also lead the firm's initiatives across the broader
Europe, Middle East and Africa (EMEA) region. The new office and
expanded team will further strengthen the global reach of Raine and
enhance its network in Europe and
worldwide.
"With our global focus, Europe
has always been an important component of our business," said
Brandon Gardner, President of Raine.
"Over the last few years we have seen increased activity in
our sectors and a resurgence of interesting opportunities
there. Jason has been with us since nearly the beginning of
the firm and instrumental in growing our business to date, so we
are excited to have him in this new role."
"The unique knowledge and depth of the Raine team in the TMT
industry - both by sector and geography - provides us with an
unparalleled opportunity to leverage our global network to the
benefit of our clients and investors," said Mr. Schretter.
"The expansion of our efforts in London will allow us to further grow and
enhance our advisory and investment initiatives in Europe and the Middle East. We are
excited about the prospects to build on our momentum in the
region."
Said Fred Davis, "We continue to
see tremendous opportunities in the media and entertainment
industries in Europe. Fueled by rapid changes in technology
and individual consumption habits, the media and entertainment
industries have become truly global and Europe, with its connectivity to both
Asia and the US, has become an
increasingly important market for Raine. With Jason joining
our efforts in Europe we will be
in a much stronger position to meet these goals."
Over the last year, Raine has advised on a number of
transformative transactions in the technology, media and
telecommunications space in the region. The firm recently
advised Softbank both on its acquisition of ARM and the sale of its
stake in Supercell to Tencent.
Raine also advised City Football Group, the owner of Manchester
City FC, on a sale of a stake in the company to China Media
Capital. Most recently the firm advised ProSieben's Studio 71
on funding from TF1 Group and Mediaset.
About The Raine Group
The Raine Group is a global
merchant bank focused exclusively on technology, media, and
telecommunications. Raine has in excess of $2 billion in assets under management. The
firm has offices in New York,
San Francisco, Los Angeles, London, and Shanghai. With a global
reach, Raine focuses on investment and advisory opportunities where
its deep industry experience and unique network of strategic
relationships can create value for portfolio companies and
clients. For more information
visit http://www.raine.com/.
Media Contacts:
ASC Advisors LLC
Mary Beth Grover / Taylor Ingraham
mbgrover@ascadvisors.com / tingraham@ascadvisors.com
203-992-1230
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SOURCE The Raine Group