Centerview Partners LLP’s Lisbeth Barron, an investment banker to media companies such as Martha Stewart Living Omnimedia Inc., is departing after two years to join Berenson & Co., another New York-based advisory boutique.
Barron will head Berenson’s media, entertainment and leisure advisory practices, Berenson said in a statement today. Before joining Centerview in 2008, Barron worked at Bear Stearns Cos. for 11 years and previously worked at the former SBC Warburg.
“Media, entertainment, and leisure companies are looking more and more to their advisers to identify proprietary strategic opportunities and to finance them creatively,” Barron said in the statement.
Barron is advising on the sale of Cherry Lane Music Publishing, which represents artists including Elvis Presley, to BMG Rights Management, and worked on the sale of USA Networks to Vivendi SA in 2002, Berenson said.
Berenson & Co. was founded in 1990 by former Merrill Lynch & Co. banker Jeffrey Berenson, while Centerview dates to 2006 and was founded by a group of bankers from UBS AG, Morgan Stanley and Dresdner Kleinwort Wasserstein.
Berenson advised on four mergers or acquisitions worth $1.6 billion since 2007, according to Bloomberg data. Centerview worked on 29 transactions worth $287 billion.