Quantcast
Channel: Wall Street
Viewing all articles
Browse latest Browse all 5364

From Ferrari to Facebook: the incredible client list of Wall Street's most secretive firm

$
0
0

Herb Allen Jnr

Some of the biggest names in tech, telecom, and the media industries have one thing in common.

The tiny financial advisory firm quietly advising them on deals behind the scenes: Allen & Co.

The firm worked on the initial public offering of Ferrari, which priced on Tuesday night.

It is also an adviser on the flotation of Match Group, which is behind some of the world's biggest dating apps and websites.

Those are just the latest in a long line of landmark roles for the firm. It has previously worked on deals for the likes of Facebook and Google.

The firm shuns the spotlight. It has no website (this one belongs to a different company), and employs fewer than 200 people. A spokesperson for the firm did not respond to a call seeking comment in time for publication.

Herbert Allen Jr. led the company for years, and has a seat on the board of Coca-Cola. His son Herb Allen III, who is now CEO at the firm, was named on Vanity Fair's new establishment list in 2012.

Many of the deals the company works on are birthed during the firm's secretive annual Sun Valley Conference, which is sometimes described as the "Billionaire's Summer Camp."Hollywood celebrities mingle with CEOs like Bill Gates and Elon Musk.

Here is a list the firm's best-known clients.

Data and numbers regarding deals and Allen & Co.'s clients courtesy of Dealogic.

Disclosure: Allen & Co. was an early investor in Business Insider.

Ferrari

Sector: Auto 

About: The IPO of luxury carmaker Ferrari is one of the most hyped deals of 2015. 

The Italian supercar maker priced its initial public offering on Tuesday at $52 per share, with shares trading up at the open.

Allen & Co. was a bookrunner 0n the deal.



Time Warner Cable

Sector: Telecom

About: Allen & Co. advised Time Warner Cable on its $80 billion merger with Charter Communications, which was announced in May 2015. The deal will make the combined entity the second-largest cable provider in the US.



PayPal

Sector: Technology

About: Allen & Co. advised on the separation of PayPal and eBay in July 2015, in a deal worth $49.16 billion.



See the rest of the story at Business Insider

NOW WATCH: An Army veteran was shot multiple times protecting others students from the Oregon gunman


Viewing all articles
Browse latest Browse all 5364

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>