Eldridge Industries

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Eldridge Industries
Private investment firm
Founded 2016; 2 years ago (2016)
Founder Todd Boehly
Headquarters Greenwich, Connecticut, U.S.
Key people
Todd Boehly
(Chairman and CEO)
Owner Todd Boehly
(controlling member)
Website eldridge.com

Eldridge Industries, LLC is a private investment firm that strategically manages its capital across a diversified portfolio of companies in several different industries including insurance, finance, media and entertainment, and real estate. The firm is headquartered in Greenwich, Connecticut with additional offices in Beverly Hills, New York, and London.[1] It was founded in 2016 by Todd Boehly, who serves as Eldridge’s chairman and CEO, and is the firm’s controlling shareholder.[2][3] Prior to launching Eldridge, Boehly was the President of Guggenheim Partners where he launched Guggenheim's credit investing business and later assumed responsibilities for the asset management business. An owner of both the Los Angeles Dodgers and the Los Angeles Sparks, Boehly received his B.B.A. from the College of William & Mary and studied at the London School of Economics.[4]

History

In January 2016, after stepping down as president of Guggenheim Partners, Todd Boehly founded Eldridge Industries, acquiring control of a number of assets from Guggenheim Partners, including Security Benefit Life Insurance, Stonebriar Commercial Finance, Dick Clark Productions, The Hollywood Reporter and Billboard Magazine, Mediabistro Holdings, A24 Films, Cain Hoy Enterprises, Elliott Bay Capital Trust, and Aurify Brands.[2][5][6]

On July 17, 2016, Adweek was sold to the private equity firm Beringer Capital.[7]

In December 2016, Eldridge acquired SpinMedia via The Hollywood Reporter-Billboard Media Group for an undisclosed amount.[8]

In March 2017, Eldridge led a $100 million round of Series E1 funding by DraftKings.[9]

Holdings

Source: [10]

  • Insurance
    • Security Benefit
    • SE2
  • Real Estate Development
    • Galliard (London)
    • Islington Square (London)
    • The St. James Group (Washington, DC)
    • The Beverly Hills Media Center (U.S.)
    • The Stage (London)
    • Missoni Baia (Miami)
    • Six Senses Residences (France)
  • Asset Leasing and Financing
    • Stonebriar Commercial Finance
    • Elliott Bay Capital Trust
    • OneSky
  • Branded Hospitality and Consumer
    • SBE
    • Aurify Brands
  • Asset Management
    • CBAM
    • Cain International

References

  1. ^ "Eldridge - About Us". Eldridge. 
  2. ^ a b "Dalian Wanda to Acquire Dick Clark Productions from Eldridge Industries for $1B". 4 November 2016. 
  3. ^ "Todd L. Boehly: Executive Profile & Biography - Bloomberg". www.bloomberg.com. 
  4. ^ "Los Angeles Dodgers Executives". losangeles.dodgers.mlb.com. 
  5. ^ "William & Mary - Bright Lights, Big Apple". www.wm.edu. 
  6. ^ "Exclusive: Eldridge Industries hires banks to review media holdings". 17 June 2016 – via Reuters. 
  7. ^ "Adweek acquired by private equity firm Beringer Capital". TechCrunch. Retrieved 19 July 2016. 
  8. ^ "Billboard Buys Spin and Vibe in a Quest to 'Own the Topic of Music Online'". Adweek. Retrieved 10 March 2017. 
  9. ^ "Dodgers' Boehly Leads $100 Million DraftKings Investment". Bloomberg. Retrieved 10 March 2017. 
  10. ^ "Eldridge - Portfolio". Eldridge. 

External links

  • Official website


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