THE RAINE GROUP ACQUIRES CODE ADVISORS

Quincy Smith (Photo: Business Wire)

KUALA LUMPUR, April 6 (Bernama) -- The Raine Group, a global merchant bank announced it is acquiring Code Advisors, an independent merchant bank specialising in mergers and acquisitions (M&A) and capital raising for technology and media companies.

According to a statement, Code Advisors co-founders Quincy Smith and Michael Marquez will join Raine’s San Francisco office as a Partner and Special Advisor, respectively.

Smith will expand Raine’s coverage, advising on M&A and financings for technology and media clients, while Marquez will focus on managing Code’s existing investment portfolio while exploring potential new investment initiatives with The Raine Group.

“We built Raine to be true thought partners for our portfolio companies and clients, always focusing only on deals where we believe our involvement can maximise meaningful outcomes.

“Code Advisors shares that commitment, so we are thrilled to combine our networks and tap into the incredible energy, expertise and creativity Quincy brings to deal-making,” said The Raine Group co-founder and President, Brandon Gardner.

Meanwhile Smith said: “Raine’s global merchant banking model and extensive resources uniquely position them at the epicentre of technology, media and telecom, and combining Code into Raine gives us a larger platform at exactly the time when clients need a trusted Advisor.”

With over 90 completed M&A transactions and nearly 65 primarily equity financings, Code Advisors has steadily grown its technology and media client base since inception in 2010. Its notable clients include Twitter, Spotify, Vox and Warner Bros Discovery.

Since its founding in 2009, The Raine Group has emerged as a leader in technology, media and telecom deal-making with offices in New York, San Francisco, Los Angeles, Paris, London, Shanghai, Hong Kong, Singapore and Mumbai.

Currently, the firm oversees approximately US$4 billion in global growth equity and venture capital investments, with an entertainment and technology portfolio including DraftKings, SoundCloud and Imagine Entertainment. (US$1=RM4.40)

-- BERNAMA