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Sard Verbinnen & Co. is handling US media duties for Fiat Chrysler Automobiles’ 50/50 merger offer to France’s Groupe Renault to create the world’s No. 3 automotive company, ahead of General Motors.
The combined entity would produce 8.7M vehicles annually and would be a leader in EV technologies, premium brands, SUVs, pickup trucks and light commercial vehicles, according to FCA.
FCA has a strong position in the high-margin end of the North American market and is a leader in Latin America, while Groupe Renault has a robust presence across Europe, Russia, Africa and the Middle East.
No plant shutdowns are envisioned.
Renault is carefully reviewing FCA’s “friendly proposal” and studying “with interest the opportunity of such a business combination.”
Sard Verbinnen’s Robert Rendine and Kelsey Markovich are working the FCA deal here.
Gelso Consulting (UK), Image 7 (France), Community Strategic Communications Advisers (Italy) and Ashton Consulting (Japan) are also handling the FCA proposal.
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
