Kekst & Co. is handling beleaguered retailer Abercrombie & Fitch's decision not to shop itself.
The company, which lost $61M on $661M first-quarter revenue, had been discussing a potential transaction with several suitors.
Those talks have been put on ice.
"After a comprehensive review of all relevant factors, with the assistance of our financial advisor, the A&F board of directors determined that the best path to enhance value for stockholders is the rigorous execution of our business plan," Arthur Martinez, executive chairman, said in a statement.
A&F is upbeat about remaining independent due to "solid comparable store sales momentum" at its Hollister brand, as well as "strategies to position the Abercrombie brand for revitalized performance."
Martinez anticipates A&F's "sound aggressive action" will deliver "enhanced performance and long-term stockholder value."
Dawn Dover of Kekst represents A&F.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
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.
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