Raine Mergers and Acquisitions Summary

Merchant Bank Profile

In the last 3 years, Raine has acquired 1 company. It has also invested in 1 other.

Raine’s most common sectors for investment areinternet software and services (25%) and media (25%) . The Firm’s most common investment types include growth capital (50%) and stake purchase (19%). In total, Raine has invested in 6 US states and 3 different countries.

In the last 3 years, Raine has exited 2 companies. The Firm’s most common exit type is stake purchase (25%). Raine’s largest (disclosed) exit occurred in 2016 when it sold Jagex for $300M.

Join Mergr to view Raine’s full profile and discover more large merchant bank investors just like it.

M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity16
    • M&A Sell Activity7
  • Total Sectors Invested 10
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 10
  • M&A Advisors 4

Raine

The Raine Group LLC

65 East 55th Street, 24th Floor,
New York, New York 10019
United States
(212) 603-5500
www.raine.com

The Raine Group is a global merchant bank focused on advising and investing in businesses operating in the digital, media & entertainment and sports & lifestyle sectors. Raine's investment arm looks to invest $5 to $80 million per transaction. The Raine Group was formed in 2009 and is based in New York City.


Investment Criteria

Sectors of Interest: Business Services, Consumer Products, Consumer Services, Digital Media, Information Services, Information Technology, Internet Software and Services, Media, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Venture

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 5 80
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 14 - - - 1 1 16
Sell (0.6/yr) # 5 1 1 1 - - 8
vol $300M $300M
  24

Most Recent M&A

Company Date Value Type
DUPR 2024-01-24 - Stake Purchase
Austin, Texas · www.mydupr.com
Code Advisors LLC 2023-04-05 - Buyout (LBO, MBO, MBI)
San Francisco, California · www.codeadvisors.com
Thrill One Sports & Entertainment 2022-07-19 - Secondary Sale
Costa Mesa, California · www.thrillone.com
Olo, Inc. 2021-03-16 - IPO
New York, New York · www.olo.com
Parchment LLC 2020-02-11 - Unknown
Scottsdale, Arizona · www.parchment.com
Foursquare Labs, Inc. 2019-05-30 - Growth Capital
New York, New York · www.foursquare.com
Propagate Content 2018-01-16 - Growth Capital
Los Angeles, California · www.propagatecontent.com
Vice Media Group 2017-06-19 - Stake Sale
Brooklyn, New York · www.vice.com
Jagex Ltd. 2016-03-15 300M USD Trade Sale
Cambridge, United Kingdom · www.jagex.com
C3 Presents LLC 2014-12-19 - Stake Sale
Austin, Texas · www.c3presents.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Internet Software and Services 1 (13%) - 4 (25%) -
Media 3 (38%) - 4 (25%) -
Apparel/Textiles 1 (13%) - 1 (6%) -
Communications - - 1 (6%) -
Consumer Services 1 (13%) - 1 (6%) -
Digital Media - - 1 (6%) -
Financial Services 1 (13%) - 1 (6%) -
Gaming - - 1 (6%) -
Information Services 1 (13%) - 1 (6%) -
Staffing - - 1 (6%) -
Total 8 - 16 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 7 (88%) - 14 (88%) -
  California 3 (38%) - 4 (25%) -
  New York 1 (13%) - 4 (25%) -
  Florida 2 (25%) - 3 (19%) -
  Texas 1 (13%) - 1 (6%) -
  Massachusetts - - 1 (6%) -
  Arizona - - 1 (6%) -
Australia 1 (13%) - 1 (6%) -
United Kingdom - - 1 (6%) -
Domestic 7 (88%) - 14 (88%) -
Cross-border 1 (13%) - 2 (13%) -
Total 8 - 16 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 4 (50%) - 8 (50%) -
Stake Purchase 3 (38%) - 3 (19%) -
Venture - - 2 (13%) -
Buyout (LBO, MBO, MBI) 1 (13%) - 1 (6%) -
Joint Venture - - 1 (6%) -
Secondary Buyout - - 1 (6%) -
Total 8 - 16 -

Exits by Deal Type

Type Total # Value
Trade Sale 2 (25%) 300M (100%)
Stake Sale 2 (25%) -
IPO 1 (13%) -
Secondary Sale 1 (13%) -
SPAC 1 (13%) -
Unknown 1 (13%) -
Total 8 $300M

Top M&A Advisors

Financial Deals
The Raine Group LLC
1
Legal Deals
Johnson Winter & Slattery
1
Sullivan & Cromwell
1
Sidley
1

Deal Values

sell # Total
$100M to $1B 1 $300M
TOTAL $300M
Largest Jagex Ltd.
$300M (2016-03-15)

M&A Connections

Deals
Acquired from
Investor(s)
6%
1 (6%)
Exited to
Investor(s)
25%
2 (25%)
Strategic(s)
38%
3 (38%)

FAQ

When was Raine founded?

Raine was founded in 2009.

What type of investor is Raine?

Raine is a merchant bank.

Where is Raine headquartered?

Raine is headquartered in New York, New York.

How much capital does Raine have under management?

Raine has 2.5B USD under management.

 Subscribe to unlock this and 209,235
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 202K M&A Transactions
  • 205K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.