Thanks. I hear it's a very reputable shop. I'm surprised there' such a lack of info on it out there. I would love to hear from more people that know anything about it.

Aero:
Advisory/Merchant bank hybrid focused on sports, media, and entertainment. Started their formal recruiting program last year. They recruit at Columbia, Penn, and Indiana I think. Take 2-3 analysts. Offices in NY, LA, and Beijing.
 
Whiskey5:
Founded by former head of media banking at UBS and some other partners from GS.

They tend to retain analysts and promote them to associates. Kids who get in are usually very keen on staying in banking and have turned down GS/MS offers to stay there.

Nicest office I've seen.

Thanks. If you don't mind my asking, were you in the office for an interview? And I'm assuming you're talking about their NY office.

 
theparadox:
Plastic Cup Boys:
Curious as well. Based on their description, they kind of remind me of Allen & Co....

Based on my impression, they might be just as prestigious, but I could be wrong, since it's so hard to find anything on them.

That's highly doubtful given that Allen & Co. has a 100+year history, while the Raine group was found...2 years ago.

Given that they're relatively young, looks like they did a lot of hiring at the senior level and raised a lot of money for their first fund. Did some search and got a glimpse of their office - http://www.acc-construction.com/projects/corporate/the-raine-group/ Very nice indeed. I'm not too sure how great UBS's media group was, but that should give you a general sense of their deal flow and relative "prestige".

Nonetheless, seems like a pretty sweet place to work at. Do you have an interview with them?

 
Best Response

I met with the founder (family friend) and an associate there. Solid place - you would learn a ton. Cool fact: Ari (you know the Ari that Ari from Entourage is based on) owns a part of the company.

And, they pay very very well.

 

they are very legit in media/entertainment/sports

joe ravitch used to be a BSD at goldman...co-head of media banking. he's probably the most influential banker in sports.

they also have a principal investing fund with backing from some pretty influential names in media.

 

Bump-

Has anyone (that is not part of their target list of schools, such as Wharton, Harvard, Yale, etc...) manage to obtain an interview via networking? I'm thinking of messaging some analysts to try to work my way there for next SA cycle, but want to sort of temper my expectations. Would be a dream job to work with the clients/projects that they're invested in. Go to a Canadian university which places well in BB's both locally and abroad, but no traces of Raine (except an Alumni which works Back Office as an Administrative Assistant IIRC)

 

Ran into a few Raine guys now and then in NY and seems like a cool shop. They're either owned or heavily affiliated with William Morris so they probably get some pretty sick deals. Did some business for the UFC a while back which made me think if I was going to go into banking anywhere... it'd probably be there. They're still growing though from what I know, and one of the guys mentioned that they share a printing room with William Morris corporate offices in NYC, so it's not like they're a huge operation I'm guessing. And again, if the Dodgers deal is any indication, the big deals might still be going to the big boys.

I hate victims who respect their executioners
 

Yeah, I'm really interested in these guys, but couldn't find all that much information. I know they've done some really cool/big deals (Dodgers, softbank/sprint, yahoo/ali baba etc).

The sharing the printing room doesn't seem like it's true because another thread I read actually linked to pictures of their 16,000 sq. foot office: www. acc-construction .com/proje cts/corporate/ the-raine-group/

Can anyone give some insight about their interview process? Also, could anyone clarify Raine's strategy (in terms of them being a merchant bank, offering financial advisory but also having an in-house PE)

 

They hire FT almost exclusively from summers, and I think they have ~6 analysts. Assuming 3 first year, 3 second year, and 75% offer rate, you would get 4 SAs or so.

I believe they view the merchant banking side as a way to leverage the strengths of their advisory platform. It isn't uncommon for boutique banks to have smaller PE funds within them e.g. Greenhill. It probably also helps them build a presence within the industry, indirectly marketing their banking business. That said, I doubt Joe Ravitch and Jeff Sine need any additional marketing.

 
West Coast rainmaker:
They hire FT almost exclusively from summers, and I think they have ~6 analysts. Assuming 3 first year, 3 second year, and 75% offer rate, you would get 4 SAs or so.

This could be true, but if you do a simple linkedin search you'll see some analysts tht worked elsewhere and got in through FT recruitment...i think there was even a GS TMT kid.

I don't throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War. Every battle is won before it is ever fought- GG
 

Did not have to build an lbo model. It was actually more fit based than most of my other interviews at BB's and definitely other elite boutiques, but there were a couple tricky questions.. most important thing is to show knowledge within the industries they're in imo

 
streeteric:
Did not have to build an lbo model. It was actually more fit based than most of my other interviews at BB's and definitely other elite boutiques, but there were a couple tricky questions.. most important thing is to show knowledge within the industries they're in imo

thanks for the insight. good luck!

 

Echo the above comments, show interest in the industries they focus on. From what I've heard this a very much a place where they want you to stick around and not leave after the analyst stint

 

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