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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.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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