Kekst and Company is handling today's Jos. A. Bank's $2.3B takeover offer for the larger Men’s Wearhouse, discount suit chain, a move quickly rejected by "inadequate" and "not in the best interests" of the target company.
JAB chalked up about half of MW's $2.5B revenues during the past year.
CEO chairman Robert Wildrick believes the combined company will provide "sustainable value for our shareholders, greatly enhanced benefits for our customers and exciting opportunities for our employees."
The Hampstead, Md.-based operator of 623 stores in 44 states has gained the support from Golden Gate Capital, an investor in the retail sector, for the transaction. GGC relies on Sard Verbinnen & Co.
MW, which fired founder, chairman and chief pitchman George Zimmer in June, claims it "can achieve total shareholder returns well in excess of what can be derived from Jos. A. Bank’s unsolicited and inadequate proposal."
The Fremont, Cal.-based retailer (1,137 outlets) uses Joele Frank, Wilkinson Brimmer Katcher and Denard-Lascar Assocs. to work the investment and media communities.
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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