Sizzling burger chain Shake Shack is cooking with ICR for financial communications support as it slates an initial public offering on the New York Stock Exchange.
The 10-year-old company is expanding across the US and abroad from its initial hot dog cart and burger hut in Manhattan's Madison Square Park opened in 2004. Shake Shack, which calls itself the "modern day 'roadside' burger stand," filed Dec. 29 to sell shares to further tap the estimated $72B dine-out burger market.
ICR senior VP Jessica Liddell heads the account advising New York-based Shake Shack's internal PR team led by director of marketing and communications Edwin Bragg.
The company, which has not yet specified how many shares it plans to offer and listed $100M as its IPO ceiling, counts 63 "shacks," including 31 company-operated stands. Revenues topped $78M last year -- net income was $5.4M -- and sales surpassed that mark by the end of the third quarter of 2014.
Union Square Hospitality Group is majority owner of the chain.
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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