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Brunswick Group is handling semiconductor company Nvidia's $6.9B acquisition of networking powerhouse Mellanox to strengthen its position in the data center business.
The Financial Times reports that Nvidia's all-cash $125-per-share bid, which represents a 14 percent premium to its March 8 closing price, topped a competitive offer by Intel for the Israel-based company.
Nvidia CEO Jensen Huang said the marriage of his company's computing platform with Mellanox's "world-renowned" networking capability will create "next-generation datacenter-scale computing solutions."
Nvidia and Mellanox have a history of collaboration. They worked together in building the world's fastest supercomputers, Sierra and Summit, for the US Dept. of Energy.
The deal is expected to close by the end of the year.
Brunswick's Ash Spiegelberg and Mylene Mangalindan represent Nvidia.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
