 Anthony Scaramucci |
Edelman represents SkyBridge Capital, hedge fund founded by 10-day White House communications director Anthony Scaramucci, as its takeover by China's HNA Group collapses after a 15-month courtship.
Financially troubled HNA, which has close ties with China's government, is withdrawing from the deal due to "uncertain timing of the approval process going forward."
The partners claim the Committee on Foreign Investment in the US did offer a "path to approval subject to certain mitigation measures."
Both parties though agreed that it was not in their business interests to pursue the transaction.
SkyBridge and HNA plan to explore offering Skybridge's offerings in China.
Scaramucci has returned to SkyBridge as co-managing partner with a focus on strategic planning and marketing.
Edelman's Lex Suvanto and Woomi Yun represent SkyBridge. HNA relies on Sard Verbinnen & Co.'s Robert Rendine and Brandon Messina.
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.
Have a comment? Send it to 
No comments have been submitted for this story yet.