# Allen & Company

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American investment bank

Allen & Company LLC Type Private Industry Banking Founder Charles Robert Allen, Jr. Area served United States Key people Herbert Allen III Products Investment banking Number of employees 170 (2010)

**Allen & Company LLC** is an American privately held [boutique investment bank](/source/Boutique_investment_bank) based at 711 [Fifth Avenue](/source/Fifth_Avenue), [New York](/source/New_York_City).[1] The firm specializes in real estate, technology, media and entertainment.[2][3]

## History

Founded in 1922 by Charles Robert Allen, Jr., he was soon joined by his brothers, [Herbert A. Allen, Sr.](/source/Herbert_A._Allen%2C_Sr.) and Harold Allen. The firm is generally regarded as a boutique advisory firm with a specific specialization in real estate and the media and entertainment sectors.[4]

Allen & Company, which since 2002 has been run by [Herbert Allen III](/source/Herbert_Allen_III),[5] grandnephew of the founder, generally shies away from publicity and does not maintain a website or issue press releases, with the exception of the extensive media procured for its annual conference evidenced by its allowance of access to the conference by financial media properties such as [CNBC](/source/CNBC), *[The Wall Street Journal](/source/The_Wall_Street_Journal)* and others to cover its event.

In 1973, Allen & Company bought a stake in [Columbia Pictures](/source/Columbia_Pictures). When the business was sold in 1982 to [Coca-Cola](/source/Coca-Cola), it netted a significant profit. Since then, Herbert Allen, Jr. has had a place on Coca-Cola's board of directors.

Since its founding in 1982, the [Allen & Company Sun Valley Conference](/source/Allen_%26_Company_Sun_Valley_Conference) has regularly drawn high-profile attendees such as [Bill Gates](/source/Bill_Gates), [Warren Buffett](/source/Warren_Buffett), [Rupert Murdoch](/source/Rupert_Murdoch), [Barry Diller](/source/Barry_Diller), [Michael Eisner](/source/Michael_Eisner), [Oprah Winfrey](/source/Oprah_Winfrey), [Robert Johnson](/source/Robert_L._Johnson), [Andy Grove](/source/Andy_Grove), [Richard Parsons](/source/Richard_Parsons_(businessman)), and [Donald Keough](/source/Donald_Keough).

Allen & Co. was one of ten underwriters for the [Google](/source/Google) [initial public offering](/source/Initial_public_offering) in 2004.[6] In 2007, Allen was sole advisor to [Activision](/source/Activision) in its $18 billion merger with [Vivendi Games](/source/Vivendi_Games).[7] In 2011, the [New York Mets](/source/New_York_Mets) hired Allen & Co. to sell a minority stake of the team. That deal later fell apart.[8][9] In November 2013, Allen & Co. was one of seven underwriters on the initial public offering of [Twitter](/source/Twitter).[10] Allen & Co. was the adviser of [Facebook](/source/Facebook) in its $19 billion acquisition of [WhatsApp](/source/WhatsApp) in February 2014.[11]

In 2015, Allen & Co. was the advisor to Time Warner Cable in its $80 billion 2015 merger with [Charter Communications](/source/Charter_Communications),[12] [AOL](/source/AOL) in its acquisition by [Verizon](/source/Verizon_Communications),[13] [Centene Corporation](/source/Centene_Corporation) in its $6.8 billion acquisition of [Health Net](/source/Health_Net),[14] and [eBay](/source/EBay) in its separation from [PayPal](/source/PayPal).[15]

In 2016, Allen & Co was the lead advisor to [Time Warner](/source/Time_Warner) in its $108 billion acquisition by [AT&T](/source/AT%26T),[16] [LinkedIn](/source/LinkedIn) for its merger talks with [Microsoft](/source/Microsoft),[17] [Walmart](/source/Walmart) in its $3.3 billion purchase of [Jet.com](/source/Jet.com),[18] and Verizon in its $4.8 billion acquisition of [Yahoo!](/source/Yahoo!).[19] In 2017, Allen & Co. was the advisor to [Chewy.com](/source/Chewy_(company)) in [PetSmart's](/source/PetSmart) $3.35 billion purchase of the online retailer.[20]

## Presidents/CEOs

- Charles R. Allen, Jr. (1922–1994)

- [Herbert A. Allen, Jr.](/source/Herbert_Allen_Jr.) (1966–2002)

- [Herbert A. Allen III](/source/Herbert_Allen_III) (2002– )

## Notable former employees

- [Bob Kerrey](/source/Bob_Kerrey), former Senator and Governor of Nebraska

- [George Tenet](/source/George_Tenet), former Director of the CIA[21]

- [Stephen Greenberg](/source/Stephen_Greenberg), son of baseball Hall of Fame [Hank Greenberg](/source/Hank_Greenberg)[22]

- [Bill Bradley](/source/Bill_Bradley), former United States Senator and Basketball Hall of Fame

- [Dara Khosrowshahi](/source/Dara_Khosrowshahi), CEO of [Uber Technologies](/source/Uber)

## See also

- [Herbert Allen, Jr.](/source/Herbert_Allen%2C_Jr.)

- [Herbert Allen III](/source/Herbert_Allen_III)

- [Allen & Company Sun Valley Conference](/source/Allen_%26_Company_Sun_Valley_Conference)

## References

1. **[^](#cite_ref-Princeton_Video_SC_13G/A_1-0)** ["Allen & Co Inc/Allen Holding Inc, Form SC 13G/A, Filing Date Feb 15, 2001"](http://edgar.secdatabase.com/2281/93279901000059/filing-main.htm). secdatabase.com. Retrieved May 15, 2018.

1. **[^](#cite_ref-2)** ["Trends: Secretive New York bank Allen & Co. gets into Silicon Valley media tech"](https://venturebeat.com/2008/02/20/trends-secretive-new-york-bank-allen-co-gets-into-silicon-valley-media-tech/). February 20, 2008.

1. **[^](#cite_ref-3)** ["Allen & Company LLC-Company Profile-Vault.com"](http://www.vault.com/company-profiles/commercial-banking-and-investment-banking/allen-company-llc/company-overview). *Vault.com*.

1. **[^](#cite_ref-cnn_4-0)** Loomis, Carol J. (June 28, 2004). ["Inside the Private World of Allen & Co. Putting a premium on personal ties, this family firm thrives in the land of the giants"](https://web.archive.org/web/20080411043950/https://money.cnn.com/magazines/fortune/fortune_archive/2004/06/28/374371/index.htm). *[Fortune](/source/Fortune_(magazine))*. Archived from [the original](https://money.cnn.com/magazines/fortune/fortune_archive/2004/06/28/374371/index.htm) on April 11, 2008. Retrieved April 23, 2008.

1. **[^](#cite_ref-5)** Douglas MacMillan; Telis Demos (February 23, 2014). ["Allen & Co. Flourishes as a Tech Deal Maker"](https://www.wsj.com/articles/SB10001424052702303636404579397112054095536).

1. **[^](#cite_ref-6)** ["From Ferrari to Facebook: the incredible client list of Wall Street's most secretive firm"](http://www.businessinsider.com/allen-and-cos-client-list-2015-10). Business Insider.

1. **[^](#cite_ref-7)** ["Vivendi and Activision to Create Activision Blizzard - World's Largest, Most Profitable Pure-Play Video Game Publisher"](http://investor.activision.com/news-releases/news-release-details/vivendi-and-activision-create-activision-blizzard-worlds-largest). *Activision Blizzard, Inc*.

1. **[^](#cite_ref-vardi_8-0)** Nathan Vardi, ["David Einhorn In Deal For A Minority Stake In The New York Mets,"](https://www.forbes.com/sites/nathanvardi/2011/05/26/david-einhorn-is-paying-a-big-premium-for-a-minority-stake-in-the-new-york-mets/#4019c4fe788a) *Forbes*, May 26, 2011.

1. **[^](#cite_ref-sandomir_9-0)** Sandomir, Richard (September 1, 2011). ["Deal to Sell Piece of Mets to Einhorn Falls Apart"](https://www.nytimes.com/2011/09/02/sports/baseball/mets-deal-with-einhorn-is-off.html). *[The New York Times](/source/The_New_York_Times)*.

1. **[^](#cite_ref-10)** ["Twitter Said to Pay 3.25% Bankers' Fee for Market Debut"](https://www.bloomberg.com/news/2013-10-11/twitter-said-to-pay-3-25-bankers-fee-for-market-debut.html). *Bloomberg*.

1. **[^](#cite_ref-11)** ["Facebook to buy WhatsApp for $19 billion"](https://www.reuters.com/article/us-whatsapp-facebook-idUSBREA1I26B20140219). *Reuters*. February 19, 2014.

1. **[^](#cite_ref-12)** ["From Ferrari to Facebook: the incredible client list of Wall Street's most secretive firm"](http://www.businessinsider.com/allen-and-cos-client-list-2015-10). *[Business Insider](/source/Business_Insider)*.

1. **[^](#cite_ref-13)** ["Verizon to acquire AOL"](http://www.verizon.com/about/news/verizon-acquire-aol). *www.verizon.com*. May 12, 2015.

1. **[^](#cite_ref-14)** ["Centene to Combine With Health Net in Transaction Valued at Approximately $6.8 Billion"](https://web.archive.org/web/20150704095808/http://www.centene.com/wp-content/uploads/2015/07/Centene_HealthNetPressRelease.pdf) (PDF). July 2, 2015. Archived from [the original](http://www.centene.com/wp-content/uploads/2015/07/Centene_HealthNetPressRelease.pdf) (PDF) on July 4, 2015. Retrieved September 11, 2016.

1. **[^](#cite_ref-15)** ["eBay & PayPal to Become Independent Companies in 2015"](https://www.ebayinc.com/stories/news/ebay-paypal-become-independent-companies-2015/). *www.ebayinc.com*. September 30, 2014.

1. **[^](#cite_ref-16)** ["The massive AT&T-Time Warner deal could mean up to $390 million in fees for Wall Street banks"](http://www.businessinsider.com/att-time-warner-bank-advisor-fees-2016-10). *[Business Insider](/source/Business_Insider)*.

1. **[^](#cite_ref-17)** ["Microsoft to acquire LinkedIn - Stories"](http://news.microsoft.com/2016/06/13/microsoft-to-acquire-linkedin/). June 13, 2016.

1. **[^](#cite_ref-18)** ["Walmart Agrees to Acquire Jet.com, One of the Fastest Growing e-Commerce Companies in the U.S."](https://web.archive.org/web/20160910005952/http://news.walmart.com/2016/08/08/walmart-agrees-to-acquire-jetcom-one-of-the-fastest-growing-e-commerce-companies-in-the-us) *news.walmart.com*. Archived from [the original](http://news.walmart.com/2016/08/08/walmart-agrees-to-acquire-jetcom-one-of-the-fastest-growing-e-commerce-companies-in-the-us) on September 10, 2016. Retrieved September 11, 2016.

1. **[^](#cite_ref-19)** ["Verizon to acquire Yahoo's operating business"](https://web.archive.org/web/20160725215951/http://www.verizon.com/about/news/verizon-acquire-yahoos-operating-business). *www.verizon.com*. July 25, 2016. Archived from [the original](http://www.verizon.com/about/news/verizon-acquire-yahoos-operating-business) on July 25, 2016. Retrieved September 11, 2016.

1. **[^](#cite_ref-dye_20-0)** Dye, Jessica (April 18, 2017). ["PetSmart makes online push with Chewy.com deal"](https://www.ft.com/content/eb88f235-3039-3b2d-bbce-4130dfaa13d7). *[Financial Times](/source/Financial_Times)*. [Archived](https://ghostarchive.org/archive/20221211231233/https://www.ft.com/content/eb88f235-3039-3b2d-bbce-4130dfaa13d7) from the original on December 11, 2022. Retrieved September 18, 2018.

1. **[^](#cite_ref-upi.com_21-0)** Waterman, Shaun (February 18, 2008). ["Tenet gets job at secretive N.Y. bank"](http://www.upi.com/Emerging_Threats/2008/02/18/Tenet_gets_job_at_secretive_NY_bank/UPI-64181203344822/). [UPI.com](/source/UPI.com). Retrieved December 27, 2008.

1. **[^](#cite_ref-22)** Whitford, David (May 25, 2010). ["The king of the sports deal"](https://web.archive.org/web/20100522034442/https://money.cnn.com/2010/05/10/news/companies/greenberg_sports_deal_king.fortune/). *[Fortune](/source/Fortune_(magazine))*. Archived from [the original](https://money.cnn.com/2010/05/10/news/companies/greenberg_sports_deal_king.fortune/) on May 22, 2010. Retrieved June 2, 2010.

## Further reading

- ["Inside the Private World of Allen & Co"](https://web.archive.org/web/20060110084632/http://money.cnn.com/magazines/fortune/fortune_archive/2004/06/28/374371/index.htm). *[CNN Money](/source/CNN_Money)*. June 28, 2004. Archived from [the original](https://money.cnn.com/magazines/fortune/fortune_archive/2004/06/28/374371/index.htm) on January 10, 2006.

v t e Investment banks Divisions of universal banks Bulge bracket Barclays Bank of America Citigroup Deutsche Bank JPMorgan Chase UBS Americas Bradesco BBI BMO Capital Markets CIBC Capital Markets Itaú BBA National Bank Financial Markets RBC Capital Markets Scotiabank GBM TD Securities TD Cowen Wells Fargo Securities EMEA Banca Akros Banca IMI BNP Paribas CIB Crédit Agricole CIB Credit Suisse Danske Bank LC&I First Abu Dhabi Bank CIB Handelsbanken Capital Markets HSBC GBM ING WB İş Yatırım Lloyds Bank Corporate Markets Natixis NatWest Markets Nordea CI&IB Santander CIB Sberbank CIB SEB LC&FI Société Générale CIB Standard Chartered CCIB UniCredit CIB VTB Capital APAC BOC International CITIC Securities CLSA CSC Financial Mitsubishi UFJ Securities Mizuho Securities NH Investment & Securities SBI Capital Markets SMBC Nikko Securities UOB-Kay Hian Independents Bulge bracket Goldman Sachs Morgan Stanley Americas Allen & Company B.C. Ziegler B. Riley Financial FBR Capital Markets Baird BDT & MSD Partners Brown Brothers Harriman Brown Gibbons Lang & Company BTG Pactual Canaccord Genuity Cantor Fitzgerald Centerview Partners Drexel Hamilton Ducera Partners Evercore Financial Technology Partners Greenhill & Co. Guggenheim Partners Harris Williams & Co. Houlihan Lokey Jefferies Lazard Leerink Partners Lincoln International LionTree Marathon Capital Moelis & Company Oppenheimer Perella Weinberg Partners Piper Sandler PJT Partners Qatalyst Partners The Raine Group Raymond James Financial Roth Capital Partners Seabury Capital Solomon Partners Stephens Inc. Stifel Keefe, Bruyette & Woods Miller Buckfire & Co. Stone Key Partners Wedbush Securities William Blair & Company EMEA Arbuthnot Latham AAIB ABG Sundal Collier Berenberg Bank Bpifrance Carnegie EFG Hermes Investec Kempen Mediobanca Numis Renaissance Capital Robey Warshaw Rothschild & Co Zaoui & Co. APAC Barrenjoey Capital Partners China Galaxy Securities China International Capital Corporation China Renaissance Daiwa Securities Group Everbright Securities GF Securities Guosen Securities Guotai Haitong Securities Huatai Securities JM Financial Macquarie Group Mirae Asset Securities Nomura Securities Orient Securities Samsung Securities Shenwan Hongyuan Somerley Capital Zhongtai Securities Category List

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