Outside the U.S., the firm has offices in Europe and Asia.
Background
In September 2009, Raine was co-founded by Joseph Ravitch and Jeffrey Sine. Ravitch was previously co-head of Goldman Sachs' media banking division while Sine was Vice Chairman and head of TMT banking at UBS. It was compared to the early formation of the Quadrangle Group which also had a TMT focus. The firm's name Raine comes from an amalgamation of Ravitch's and Sine's surnames with the "e" on the end coming from Ari Emanuel, an initial backer who headed William Morris Endeavor. One of Raine's first major deals was advising William Morris Agency on its merger with Endeavor Talent Agency to form William Morris Endeavor.[3][4][5][6][7][8]
In April 2023, Raine acquired Code Advisors, a San Francisco-based boutique investment bank that also focuses on TMT. It was done as the two had already worked together on a number of deals for the same clients.[10]
Sources state that Sine is more active on the advisory side while Ravitch is more active on the investment side.[7]
Business activities
Advisory
Raine provides investment banking advisory services to companies in the TMT sector. Its business model follows Allen & Company where its deal-making contacts would give it exclusive access to prospective investments. Raine does not make many pitches for new business and instead prefers to focus on existing clients for repeat business.[3][4][8]
