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LionTree hires Luther to boost tech M&A efforts
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Luther was at Morgan Stanley for more than 15 years
By Milana Vinn
Oct 16 (Reuters) - LionTree, the boutique investment
bank led by prolific dealmaker Aryeh Bourkoff, has hired
investment banker Ankur Luther from Morgan Stanley as it looks
to capture more fees from advising on technology deals.
Luther, who joined LionTree this week and will be based in
New York, will spearhead its efforts to win more market share
from technology investment banking, a spokesperson for the bank
told Reuters.
Primarily focused on dealmaking in the media and
entertainment industries, LionTree is attempting to compete
better against rival boutique banks such as Moelis, Lazard, PJT
Partners, and Qatalyst Partners and win more high-profile deal
mandates.
LionTree is looking to further bolster its technology deals
business in the coming months by recruiting more top bankers who
have experience in advising on deals in sectors such as software
and internet.
In his new role, Luther will work closely with LionTree's
other senior technology dealmakers, co-founder Ehren Stenzler
and ex-UBS banker Antal Runneboom.
Luther previously spent more than 15 years at Morgan
Stanley, where he worked on several high-profile mergers and
acquisitions in the technology sector, including Red Hat's $34
billion sale to IBM ( IBM ) in 2018, Microsoft's $26.2 billion
takeover of LinkedIn in 2016, and GitHub's $7.5 billion sale to
Microsoft in 2018.
Prior to Morgan Stanley, Luther had stints at Goldman Sachs
and IBM ( IBM ), according to his LinkedIn profile.
New York-based LionTree was launched in 2012 by Bourkoff and
Stenzler, who were both senior bankers at UBS Group.
Since its founding, LionTree has grown to become a prolific
advisor to large media and telecommunications companies and has
worked on several landmark deals involving the likes of AT&T ( T )
, Charter Communications ( CHTR ), and Verizon
Communications ( VZ ).
LionTree has advised on more than 270 transactions worth
more than $800 billion. It recently advised on the $13.1 billion
takeover by Blackstone and Permira of online classifieds company
Adevinta, MGM's $8.45 billion sale to Amazon.com ( AMZN ), and
the sale of information technology firm Presidio to buyout firm
Clayton, Dubilier & Rice.
LionTree was among the banks that worked on DirecTV's deal
to buy EchoStar's satellite television business including Dish
TV in September.