Little LionTree Poised to Reap Big Money From Cable Takeovers - Bloomberg
That’s especially true for Aryeh Bourkoff, 42, and Ehren Stenzler, 39, the co-founders of the small investment bank that advised Charter Communications Inc. on its $55 billion takeover of Time Warner Cable Inc. , after helping Suddenlink Communications strike a deal with Europe’s Altice SA. Both deals were announced in the last seven days, and could earn LionTree as much as $65 million in fees if they close, according to estimates from Freeman & Co. With... “This was a team effort among many constituents and we are thankful to be a part of these transactions on behalf of our clients,” Bourkoff, who left UBS Group AG in 2012 to start LionTree, said in an e-mail. Domino Deals The fee windfall is a reversal of fortune for LionTree, which advised Charter on its first attempt to acquire Time Warner Cable last year. Regulatory opposition to the Comcast deal gave Charter a second chance, and Bourkoff tapped another relationship -- with Time Warner Cable Chief Executive Rob Marcus -- and almost immediately restarted talks on Charter’s behalf, people with... Altice’s appearance as a buyer of U. S. cable assets after the Suddenlink deal may have also helped spur. Source: www.bloomberg.com
