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Sovereign Wealth Funds Briefing - Categorized | Investment

Mubadala to buy stake in Raine

Posted on 12 March 2010

From Thenational.ae: Mubadala Development, the strategic investment arm of the Abu Dhabi Government, has agreed to buy a 9 per cent stake in The Raine Group, an investment bank specialising in media, entertainment and sport.

Raine was founded last year by Joseph Ravitch, a former managing director for media at Goldman Sachs, and Jeffrey Sine, a former vice chairman of investment banking and global head of technology, media and telecommunications at UBS. Raine is based in New York and also has offices in Los Angeles and Beijing……………………….Full Article: Source

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