|Venture Fund Member Profile
ARTUITIVE LLC was founded in 2008 by Arthur Shorin for the purpose of developing new businesses and acquiring existing ones.
After the sale of The Topps Company to Michael Eisner and his private equity partners, Arthur decided to apply his considerable experience to a unique acquisition and growth model. ARTUITIVE is both a vehicle through which Arthur and his team can incubate new business ideas and a platform on which to acquire and grow companies, public or private, across a variety of industries.
Mr. Shorin served as Chairman and CEO of The Topps Company, Inc., a trading card and confectionery business, from 1980 to 2007. During his tenure, the business grew from $60 million in sales to a worldwide enterprise generating profitable revenues of over $300 million. The business involves confectionery lines such as Bazooka Bubble Gum, Ring Pops, Push Pops, Baby Bottle Pops and a variety of collectible products, including trading cards featuring films, music stars, games such as Pokemon, as well as sports cards and memorabilia of professional athletes. Mr. Shorin participated in the firmís initial public offering in 1972 (American Stock Exchange), its leveraged buyout by Forstmann Little & Co in 1984 which resulted in record returns to investors; its second IPO (Nasdaq) in 1987 and, most recently, its acquisition by The Tornante Co, a private equity firm led by former Disney CEO Michael Eisner, in association with Madison Dearborn Partners, for $385 million.
In addition to his extensive commercial career, Arthur is a philanthropic New Yorker, having donated the Beverly and Arthur Shorin Music Performance Center at New York University, the Shorin Room at Carnegie Hall, the Shorin Comprehensive Transplant Center at New York Presbyterian Hospital, and the Shorin Heart Transplant Center at the new Milstein Family Heart Hospital at NYPH.
Arthur is presently a Trustee of The Juilliard School of Music, Drama and Dance in New York City and chairs its Marketing Committee.
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|Venture Fund Member Profile|