Lee Michael Feldman (born 1967/1968) is an American lawyer and businessman. Feldman is the managing partner of the private equity firm, Twin Lakes Capital Management, LLC. and the former chairman of

GVC Holdings Entain plc, formerly GVC Holdings, is an international sports betting and gambling company. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It owns brands such as bwin, Coral, Ladbrokes, PartyPoker, and Spo ...

, the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is the United Kingdom's best-known stock market index of the 100 most highly capitalised blue chips listed on ...

gambling conglomerate.

Education

Feldman earned a bachelor's degree and a juris doctor in law from

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

Career

Feldman started his career as a corporate lawyer for O'Sullivan, Graev and Karabell. He was a partner at Softbank Capital Partners. In December 2004, Feldman joined GVC Holdings and became the non-executive chairman in September 2008.

Private equity firm

In 2007, Feldman co-founded the private equity firm, Twin Lakes Capital Management, LLC. The private equity firm focuses on branded consumer products, media and business services. Twin Lakes Capital Management, LLC., purchased Mackenzie-Childs, Ltd., from

Pleasant Rowland Pleasant T. Rowland (born Pleasant Williams Thiele; March 8, 1941) is an American educator, reporter, writer, entrepreneur and philanthropist. Rowland is best known for creating the American Girl (company), American Girl brand. Rowland is known f ...

in 2008. Lee was appointed the Chief Executive Officer of Aurora Brands when his firm led the acquisition. Feldman served as CEO of Aurora Brands, a holding company with interest in manufacturing and distributing home furnishing products, from 2007 to 2014. Aurora Brands is the owner of home decor and furnishing companies MacKenzie-Childs, Ltd., and Jay Strongwater.

Earnings & departure at GVC Holdings

In 2017, Feldman and the CEO of GVC, Kenny Alexander earned a total of £26.9 million, and 44% of shareholders voted against the company's remuneration report. In March 2019, ''

Sky News Sky News is a British free-to-air television news channel, live stream news network and news organisation. Sky News is distributed via an English-language radio news service, and through online channels. It is owned by Sky Group, a division of ...

'' reported that Feldman would leave the GVC Holdings on or before the company's "annual general meeting next year". Feldman was overdue to leave under UK corporate governance code, which recommends chairs of listed companies not stay in position longer than nine years. The news of his departure came two weeks after Feldman sold £6m worth of his GVC shares; the CEO, Kenny Alexander, also sold shares worth £13.7m, which led to GVC Holding's share price falling nearly 18% in a single day. Alexander and Feldman both sold 3 million GVC shares at a low price of 666 pence, seen by investors as a lack of confidence in the bookmaker.

References

{{DEFAULTSORT:Feldman, Lee Living people 1960s births Columbia Law School alumni American lawyers 21st-century American Jews American company founders Businesspeople from Boston American chairpersons of corporations Private equity and venture capital investors