 |
Brunswick Group is handling TheStreet’s deal to sell its B2B business (The Deal and BoardEx) to Euromoney Institutional Investor PLC for $87.3M.
The divestiture of the units, which combined for $23.8M revenues in 2017, is part of TheStreet's strategic review to bolster shareholder value. It follows the sale of The Rate.
TheStreet CEO Dave Callaway plans to resign, once the divestiture of The Deal and BoardEx is approved early next year.
With Callaway’s departure, CFO Eric Lundberg will add the CEO title and Margaret de Luna, consumer president chief, will become COO.
Jim Cramer, host of CNBC’s “Mad Money,” founded TheStreet.
Brunswick Americas CEO Nik Deogun, partner Darren McDermott and director Kate Beers handle TheStreet deal.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
Joele Frank handles C.H. Robinson Worldwide as the freight transportation company acquires RXO Inc. in a stock and cash transaction pegged at $5.8B to create a company with an enterprise value of more than $25B.
Brunswick Group handles France’s Schneider Electric as it acquires Boston’s PTC, maker of engineering software, for $22.6B cash.
Burson Buchanan handles AAR Corp as the supplier of parts and services to the aviation market acquires a 65 percent stake in MRO Holdings.
