Jan Marks brings a great deal of experience to Angel Management Group. After all, it is not often that a company has a former investment banker on staff. Marks is no stranger to high stakes finance. He is well versed in transaction structuring, negotiation and financing, due diligence and financial analysis. Along with his experience in commercial real estate, Marks is an asset when it comes to transactions and deals large and small.
Marks is currently the Chief Financial Officer of Angel Management Group, a live entertainment management organization with over $80 Million in annual revenues and over 1,000 union and non-union employees. Marks joined AMG in 2006 as CFO. Marks is responsible for managing the financial aspects of AMG including financial planning, accounting and risk management. In addition, Marks is responsible for the management of AMG’s relationships with outside advisors, auditors, investors, lenders and financial institutions. Marks leads a team including the Vice President of Finance and the senior accounting personnel.
AMG’s portfolio includes PURE Nightclub and Venus Pool Club at Caesars Palace; LAX Nightclub, Noir Bar and Company Lounge inside Luxor; Christian Audigier The Nightclub at Treasure Island; Dick’s Last Resort at the Excalibur Hotel and Casino and Coyote Ugly at the New York – New York Hotel and Casino. All of the aforementioned properties are located in Las Vegas, Nevada. AMG also operates Aura Nightclub at Atlantis, Paradise Island, Bahamas. In addition, AMG will re-launch its Social House restaurant at Crystals in CityCenter, Las Vegas in summer 2010. Global expansion will occur in 2010 with the opening of a Social House restaurant in Mexico City.
Prior to joining AMG, Marks was Director, Global Mergers and Acquisitions Group for Citigroup, Inc. in New York. Marks was a member of a three-person team responsible for Citigroup’s telecommunications mergers & acquisitions practice. His team originated and executed numerous buy-side and sell-side transactions with a focus on large-cap domestic communications clients. Marks advised Sprint Corporation on a $1.2 billion tax-efficient lease of its tower assets to Global Signal/ Fortress, its $70 billion merger of equals with Nextel and the $2.2 billion divestiture of Sprint Publishing and Advertising to R.H. Donnelley.
Marks also served as Director, Global Communications Group for Citigroup, Inc. In this capacity, he was responsible for relationship coverage of telecommunications clients including Sprint, SBC, Verizon and Global Crossing. Marks managed the IPO of Global Crossing and raised $9 billion of debt and equity capital for the company. He also advised Global Crossing with respect to more than $50 billion of announced or closed mergers & acquisition activity. During this time Marks gained significant international transaction experience including negotiating joint ventures in Hong Kong, Japan, Colombia and Russia.
Marks began his career as an associate with JMB Realty Corporation in Chicago, Illinois. His responsibilities included the underwriting, financing, acquisition and development of commercial real estate assets on behalf of JMB and its institutional clients.
Marks is a graduate of The Wharton School and University of Pennsylvania with a dual degree in the honors program: B.A., European History and B.S.E., Finance. Marks is also a graduate of the Yale School of Management with a Masters of Public and Private Management (M.P.P.M.), Finance concentration.