CHARLESTON, SC, September 9, 2019 – Charles Towne Holdings, LLC (“CTH”), an investment banking, capital markets and advisory services firm focused on the middle market, today announced that the firm has closed on a strategic investment from several prominent industry executives.
In addition to a majority of Charles Towne’s investment bankers, the investor group includes Harvey Schiller, the former Chairman of the Yankees/Nets; CEO of the US Olympic Committee and President of Turner Sports; Jim Pallotta, former Vice Chair of Tudor Investment Corporation current co-owner of the Boston Celtics and majority owner of A.S. Roma, and Tom Glocer, the former CEO of Thomson Reuters and current board member of Merck & Co., Morgan Stanley and Publicis Groupe. Schiller will also be taking the role of Chairman of Charles Towne Holdings.
“We are fortunate to have Harvey, Jim and Tom join us in this investment round,” stated Andy Brusman, CEO of Charles Towne. “Their experience and networks will have an immediate impact and allow us to accelerate our growth and success of our client’s as well as the Charles Towne platform.”
In addition to the investments, the firm is also pleased to announce that Bill Stapleton has joined the firm as a Managing Director. Stapleton will lead the CTH’s Sports, Media and Entertainment verticals.
Based in Austin, TX, Stapleton most recently served as a Managing Partner with New Waterloo, a hospitality management and development company based in Austin, Texas. Previously, he founded Capital Sports & Entertainment (CSE) in 1998 and was a partner in the subsequent launches of successful enterprises such as the Austin City Limits Music Festival, Lollapalooza in Chicago, and C3 Presents. He was also a member of the 1988 United States Olympic Swimming Team and Vice President of the U.S. Olympic Committee.
“I'm thrilled to join CTH to lead the firm's Sports, Media & Entertainment vertical. I look forward to bringing my 20 years of experience in this space to serve the firm and its clients” stated Stapleton. “I'm especially drawn to the opportunity to work alongside Chairman Harvey Schiller and to help grow CEO Andy Brusman's vision of a collaborative and team-oriented investment bank.”
Since its launch in early 2019, the firm has grown to 24 professionals and currently has 11 active engagements representing approximately $175 million in aggregate deal volume.
About Charles Towne Holdings
Charles Towne Holdings, LLC (“CTH”) is a Capital Markets & Financial Advisory firm headquartered in Charleston, SC. The firm, via its wholly owned subsidiary, Charles Towne Securities, LLC provides Mergers and Acquisitions, Private Placements and other Financial Advisory services to companies located worldwide. CTH professionals bring deep industry knowledge and relationships, having experience in sectors such as Healthcare, Sports, Media & Entertainment, Financial Technology, Manufacturing & Distribution, Financial Services, Business Services, Consumer Products, Restaurants and Electronics. We have longstanding relationships with both strategic acquirers as well as with commercial lenders, mezzanine funds, private equity funds, and venture capital firms.
To learn more about Charles Towne Holdings, LLC (www.charlestowneholdings.com), please contact Andy Brusman at abrusman@charlestowneholdings.com or call 804-310-5035.
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