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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.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
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.
