Investment Summary

Raine Invests In Propagate

On January 16, 2018, merchant bank Raine invested in media company Propagate

Investment Highlights
  • This is Raine’s 4th transaction in the Media sector.
  • This is Raine’s 11th transaction in the United States.
  • This is Raine’s 3rd transaction in California.

Investment Summary

Date 2018-01-16
Target Propagate
Sector Media
Investor(s) Raine
Deal Type Growth Capital

Target

Propagate

Los Angeles, California, United States
Propagate is a developer, producer, and distributor of programming built upon great stories spanning all genres, including premium scripted series, long-form, unscripted and formats, to broadcast, cable, digital, and emerging platforms worldwide. Propagate was founded in 2015 and is based in Los Angeles, California.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

Raine

New York, New York, United States

Investor Investor Investor Investor Investor


Category Merchant Bank
Founded 2009
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

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.


DEAL STATS #
Overall 13 of 16
Sector: Media M&A 4 of 4
Type: Growth Capital M&A Deals 7 of 8
State: California M&A 3 of 4
Country: United States M&A 11 of 14
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-19 Vice Media

Brooklyn, New York, United States

Vice Media is a media company that engages in print, event, music, online, television (TV), and feature film business activities in the United States and internationally. Vice Media was founded in 1994 and is based in Brooklyn, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 Foursquare

New York City, New York, United States

Foursquare is a location technology platform, delivering precise insight into how people move throughout the world. Foursquare was founded in 2009 and is based in New York City, New York.

Buy -