Capital Calls: LionTree on the prowl

Capital Calls: LionTree on the prowl

A young lion is seen at Woburn Safari park before its opening as COVID-19 restrictions begin to ease, in Woburn, Britain, April 11, 2021. REUTERS/Andrew Boyers

Concise insights on global finance.

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LIONTREE KING. A noted media M&A adviser has traded places with his former employer. Aryeh Bourkoff’s boutique firm LionTree has zipped up the ranks of the merger league tables, appearing on $125 billion of deals so far this year, according to Refinitiv, including counseling AT&T (T.N) on its spin-off of WarnerMedia to Discovery (DISCA.O) read more . Bourkoff is also working with movie studio MGM Holdings on its talks with Amazon.com (AMZN.O), the Wall Street Journal has reported.

The former UBS banker is reaping the benefits of focus. A slew of deals in technology, media and telecoms has delivered a rare reversal of fortune: Bourkoff’s outfit is currently the 13th biggest adviser by deal value, based on Refinitiv rankings, one place above the bank he left in 2012.

Moreover, Bourkoff has an edge – for now – over two high-profile former colleagues. The eponymous boutique run by Ken Moelis, who like Bourkoff was formerly UBS’s head of investment banking in the Americas, is currently the 17th ranked merger adviser worldwide. Centerview Partners, the shop of former rainmaker Blair Effron, is 16th. Media is having a moment, and relative to its pack, so is LionTree. (By Jennifer Saba)

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Earlier in Capital Calls:

BlackRock tests Exxon and self too read more

Hindsight comes quickly to SPAC projections read more

The Culligan water deal machine changes hands read more

Sinch share issue sends M&A message read more

UK trendy-sofa IPO looks overly plumped up read more


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