Andrew Walter joins bank founded in partnership with CAA
mergers and acquisitions, financing, valuation and other services to an array of media clients including MGM, Sony, Endemol, Deluxe and Comcast. “We have known Andrew for many years and are excited to add his talent and experience to our team,” said Rick Hess, co-managing partner of EMC, in a Tuesday statement announcing the hire. Founded in 2008 as a partnership with CAA, EMC has advised on more than $30 billion in sports, entertainment and technology transactions. Company provides a variety of capital-raising and advisory services, recently working with the LA Dodgers ownership group on their launch of SportsNet LA with Time Warner Cable. Bank was also engaged on the acquisition of AMC Theaters to Chinese conglom the Dalian Wanda Group last year. Early this year, EMC also announced a joint venture with private equity fund (And CAA minority owner) TPG to invest at least $100 million in media, sports and entertainment companies. “I am excited to join the exceptional team at EMC and look forward to working with them to grow the business and create opportunities for our existing clients and portfolio companies,” said Walter, who will be based out of the firm’s Los Angeles office. Walter, a graduate of the University of Denver, also serves as a Los Angeles City Commissioner serving on the Los Angeles Convention and Exhibition Center Authority.