Michael Clofine is the Co-Founder and CEO of Digital Ignition Entertainment, a content and technology acquisition and development company located in New York and Los Angeles. He is also a Managing Partner of Steel Pier Capital, an operationally driven private equity firm that partners with management and provides functional expertise and hands–on operating experience to its portfolio companies.
A 15-year Wall Street veteran, Mr. Clofine has held numerous senior positions at several firms, including Managing Director at Jefferies & Company, Managing Director at Lehman Brothers, and a Director at Warburg Dillon Read, which later merged with UBS. During his tenure, Mr. Clofine structured and placed hundreds of transactions with aggregate deal proceeds in excess in the billions. He is particularly adept at discovering nascent opportunities in the media and entertainment space and was instrumental in the early funding of several successful international restaurant and entertainment ventures.
One of Mr. Clofine’s restaurant ventures, Sushi Samba, with locations in New York, Miami, Chicago, Las Vegas, and London, just completed a controlling interest sale to a multi-billion dollar international fund based in the Middle East. In addition, Mr. Clofine’s entertainment portfolio includes nightlife investments. This is highlighted by his past stake in the world renowned nightlife brand Pacha, a 34,000 square foot club in New York City, and the recent launch and opening of ORA Miami, an 18,000 square foot venue in the heart of South Beach.
Mr. Clofine takes an active role with the management teams of his portfolio companies. He currently sits on numerous boards, including SEKTYR Corp, which recently sold its portfolio company Cellblox to Securus Corp, a company backed by private equity fund ABRY Partners out of Boston.
Michael’s passion for arts and entertainment led him to executive produce “For Ellen” starring Dakota Johnson, Paul Dano, and Jenna Malone, which was nominated for a Sundance Film Festival award. He is also an executive producer on “Dixieland,” which was one of only 12 films in competition at Tribeca Film Festival in New York City this past April. After the premier, IFC Films purchased the U.S. rights. Michael continues to produce numerous other film projects under the Digital Ignition Entertainment umbrella, including "King Cobra" with James Franco and Christian Slater that was purchased by IFC Films and Netflix worldwide, and "Welcome the Stranger" starring Riley Keough, Abbey Lee, and Caleb Landry Jones which was already acquired by a major studio and will premiere this spring.
In addition, Mr. Clofine is a co-founder and former board member of REVH2O, a water solutions innovator focused on serving the water needs for the emerging development of unconventional shale formations in the Marcellus, Bakken, and Eagle Ford regions, as well as its subsidiary REVLNG, a fluid transport solutions and logistic service provider. REVH2O partnered with Ridge Global Advisors, a strategic consulting firm that was founded and presently led by the two-term Governor of Pennsylvania and first U.S. Secretary of Homeland Defense, the Honorable Thomas Ridge.
Mr. Clofine serves as a Director of The New York Law Enforcement Foundation and is a board member of his 100-year-old family business, Clofine Dairy & Food Products, a manufacturer and distributor of dairy products and proteins both within the United States and worldwide. Mr. Clofine earned a Bachelor’s Degree in Business Management from Ithaca College and now resides in New York City.