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.
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