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Rubenstein Assocs. is working Apollo Global Management's $2.7B deal to acquire Shutterfly and Snapfish to forge a larger platform in the online photo services marketplace.
Shutterfly, which trades on the NASDAQ, produces a line of photo books, cards, stationery and home décor products, while privately-held Snapfish focuses on photo printing services.
"We are thrilled to partner with two pioneers of the photo personalization industry," David Sambur, senior partner of Apollo, said in a statement. "We believe that both companies will be better positioned to operate in a competitive marketplace though their enhanced ability to invest in product innovation to deliver the best consumer experience."
Rubenstein's Charles Zehren represents Apollo, which has $303B in assets under management.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
