USA – The Raine Group, a New York-based merchant bank focused on investing in and advising technology, acquired Code Advisors, a San Francisco, CA-based independent merchant bank specializing in M&A and capital raising for technology and media companies.
The amount of the deal was not disclosed. With over 90 completed M&A transactions and nearly 65 primarily equity financings, Code Advisors has grown its technology and media client base since inception in 2010. In addition to its M&A and capital raising services, the firm manages assets from equity earned from advisory services, direct investing in select early-stage companies, and LP investing in venture funds. Notable clients include Twitter, Spotify, Vox and Warner Bros Discovery, among others. Code’s co-founders Quincy Smith and Michael Marquez will join The Raine Group as Partner and Special Advisor. With the acquisition, The Rain Group will expand its offerings.The Raine Group is a merchant bank focused on technology, media and telecommunications. The firm has offices in New York, San Francisco, Los Angeles, Paris, London, Shanghai, Hong Kong, Singapore and Mumbai. With a global reach, Raine focuses on investment and advisory opportunities where its industry experience and network of strategic relationships can create value for portfolio companies and clients. 05/04/2023
