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Joele Frank Wilkinson Brimmer Katcher handles Red Hat as IBM agrees to acquire the software company for $34B, which represents a robust 63 premium over its closing stock price of Oct. 26.
Ginni Rometty, IBM CEO, predicted the biggest deal in Big Blue’s history would “reset the entire cloud landscape.”
She said: “IBM will become the world’s No. 1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their business.”
IBM and Red Hat have worked together for the past 20 years. “Joining forces with IBM will provide us with a greater level of scale, resources and capabilities to accelerate the impact of open sources as the basis for digital transformation and bring Red Hat to an even wider audience,” said Jim Whitehurst, CEO of Red Hat.
Joele Frank, Jim Golden, Nick Lamplough, Joe Sala and Sophie Throsby are working the Red Hat deal.
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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