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Teneo Blue Rubicon handled the Oct. 3 public offering of Aston Martin Lagonda Global Holdings, parent of the legendary British sports car brand.
Priced at $25 per-share on the London exchange the offering had an initial market cap in excess of $5.5B.
Shares of James Bond’s favorite car company though hit a speed bump on their first day of trading, closing down nearly five percent.
Bloomberg reported investors were wary of Aston Martin’s hefty valuation that put it into the same lane as the more profitable Italian competitor Ferrari.
Aston Martin, which reported in 2017 its first profit in seven years, posted a 14 percent rise in first-half 2018 revenues to $585M and $910K profit.
CEO Andy Palmer, a Nissan Motor alum, announced in June an aggressive growth plan that is highlighted by the opening of a second manufacturing plant in 2019 to produce a new SUV.
He expects employment to jump from 2,700 to about 5,000 in 2022.
Simon Sproule, who made his mark as a top communications executive at Nissan Motor and the Renault-Nissan Alliance, joined Aston Martin in 2014 as chief marketing officer after a six-month stint as VP-communications at Elon Musk's Tesla.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
