Some of the players that assisted on the $4.4 billion buyout of Starz STRZA by Lions Gate Entertainment Corp LGF announced are names you'd expect - JPMorgan Chase & Co JPM, Deutsche Bank AG DB and Credit Suisse Group AG CS to name a few - but among the big names were two tiny financial firms, each launched by former employees of big investment banks.
LionTree Advisors and PJT Partners are expected to earn a combined $35 to $45 million in advisory fees. LionTree is the sole advisor to Starz, and PJT was the lead financial adviser to Lionsgate.
LionTree was created in 2012 by a former UBS Group AG UBS banker, while PJT is the offspring of a combination of an advisory firm launched by a former Morgan Stanley MS dealmaker and The Blackstone Group L.P. BX's strategic advisory business.
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