2023: "Tim Levene’s office is a stone’s throw from the headquarters of some of the City of London’s largest firms, and while he competes with those, once you step inside you realise his outfit is a world away from the traditional image of a venture capital company."..
"He says: “One of my first ventures was to create flutter.com, which merged with Betfair, and we did that because we saw the betting market as being ripe for disruption."..
ftadviser.com
ftadviser.com
ftadviser.com/investments/20…
Tim Levene: I want to disrupt the advice market
Tim Levene’s office is a stone’s throw from the headquarters of some of the City of London’s largest...
flutter.com
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Flutter is the global sports betting, gaming and entertainment provider, operating some of the world...
"“Incumbents are not changing quickly enough. When I started we shared an office with St James’s Place (both companies were backed by Lord Jacob Rothschild).. — they were talking about how they were going to use technology more"..
Tim Levene
1994 – 1997 Consultant in Moscow, Sydney and London, Bain and Co
BAIN?
1994 – 1997 Consultant in Moscow, Sydney and London, Bain and Co
BAIN?
"One company in the wealth management universe in which Levene was invested is Interactive Investor, which was sold to Abrdn in 2022 for £1.5bn.
He expresses some frustration that the business was sold so early"..
theguardian.com
He expresses some frustration that the business was sold so early"..
theguardian.com
"Levene, as the son of Lord Peter Levene, who was Lord Mayor of London, chair of Lloyd’s of London, and an efficiency adviser to Sir John Major, is an unlikely candidate to be a disrupter of establishment interests."..
thejc.com
thejc.com
"After attending the fee-paying City of London School and Manchester University, he become a management consultant with Bain Group, and was sent to Moscow in the early 1990s, working for the Russian government ..."
"But one of the things the experience did teach him is that he no longer wanted to be an employee. So Levene left the rarified world of management consulting to set up what “London’s first juice bar”,which progressed into a chain before he sold it." 🤔
theguardian.com
theguardian.com
2018 : "Investment vehicle chaired by Lord Rothschild, 81, to invest up to £125m in financial technology firms..RIT Capital Partners,.. will pump in £10million while Augmentum management, including Levene, 44, will provide £2.7million.."
thisismoney.co.uk
thisismoney.co.uk
"The project is also backed by Betfair co-founder Edward Wray, 49, and former Chase Manhattan executive Phillip Riese, 68."..
"Flutter Entertainment plc, formerly Paddy Power Betfair plc, is an international sports betting and gambling company. Paddy Power and British rival Betfair agreed terms for a merger on 8 September 2015."..
"On 18 October 2016, the company paid out $1.1M to those who bet on Hillary Clinton in the presidential election in the United States, citing a certainty of Clinton's victory. Trump won"..
archive.is
archive.is
The new business maintains separate brands in the United Kingdom, Ireland and Italy... In 2021 Flutter Entertainment bought Italian gaming operator Sisal, then owned by CVC Capital Partners
euronews.com
euronews.com
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