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Joele Frank, Wilkinson Brimmer Katcher is working for Newell Brands as the Hoboken-based consumer products company faces a potential proxy fight with activist investor Starboard Value.
Newell today advised shareholders to sit tight as "no action is required at this time" concerning Starboard's plan to nominate ten directors to replace its entire board. Newell promised to review the qualifications of "validly submitted proposed director nominees."
The company expressed support for its "highly qualified and experienced directors" who possess the global leadership, finance, brand management and manufacturing savvy that is critical to its success.
Newell assured investors that its "accelerated transformation plan" announced Jan. 25 will improve operational performance and enhance shareholder value.
That program called for exploring strategic options for Rubbermaid's commercial unit, Waddington, Rawlings, Goody, US Playing Cards and other units to focus on more "consumer-facing categories" with a combined $11B revenue base.
JFWBK's Ed Trissel represents Newell.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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