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Money Party: Tiny Investment Bank Reaps Up to $65 Million in Fees for a Week’s Work on Cable Mergers

Phillip Dampier May 26, 2015 Charter Spectrum, Consumer News, Suddenlink (see Altice USA) 2 Comments

liontree_logo_web1A tiny Madison Avenue investment bank (so small its only web presence is a webpage displaying its logo) that spent one week advising Charter Communications on its merger deal with Time Warner Cable and Altice SA on its acquisition of Suddenlink Communications will earn as much as $65 million in fees if both deals close, according to a report from Bloomberg News.

LionTree Advisors has fewer than 50 employees, which adds up to more than $1 million per worker. Charter is expected to be billed as much as $25 million for the bank’s advice on the Time Warner acquisition and $40 million advising Altice on its buyout of Suddenlink. That represents about $1 from each Charter, Time Warner Cable and Bright House Networks customer and approximately $27 from each Suddenlink customer.

Aryeh Bourkoff and Ehren Stenzler, co-founders of the bank, were more than little thankful to “be a part of these transactions on behalf of our clients.”

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8 years ago

PS I meant this comment for the post on charter and overall lack of customer satisfaction. Yet somehow it wound up on here.

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