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FTI Consulting is handling Richard Branson's Virgin Galactic, space tourism entity, as it plans to go public as the world's first commercial "spaceline" company.
VG, which has received more than $1B in funding since its 2004 inception, says it has passenger reservations from more than 600 people from 60 countries, eager to blast off into space from Spaceport America, New Mexico.
Branson said VG is at the point of development where "we can open space to more investors and in doing so, open space to thousands of new astronauts."
The go-public scenario has VG merging with Social Capital Hedosophia Holdings, a special-purpose acquisition company.
SCHH will invest $800M in VG for a 49 percent stake when the transaction closes by the end of the year.
FTI has Adam Davidson and Antonia Gray field inquiries about VG.
Gasthalter & Co.'s Jonathan Gasthalter, Carissa Felger and Nathaniel Garnick rep SCHH.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group handles Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
