The Raine Group in Investment in Vice Holding Inc.

Cleary Gottlieb represented The Raine Group in its investment in Vice Holding, the parent company of Vice Magazine and related subsidiaries. Vice is a global youth-focused media conglomerate. WPP Group, a world leader in advertising and marketing services, was a co-investor with Raine.

Raine is a boutique merchant bank focused exclusively on entertainment, digital media and sports. It was founded by Joseph Ravitch, a Cleary Gottlieb alum and a former senior partner and global head of media at Goldman Sachs, and Jeffrey Sine, a former vice-chairman and global head of technology at UBS.