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Joele Frank is handling US media for Avianca, Latin America's third-biggest airline, which filed for Chapter 11 on May 10 due to the "unforeseeable impact of the COVID-19 pandemic."
The fleet of the Columbia flagship carrier has been grounded since mid-March, a move that wiped out 80 percent of its revenues.
"Avianca is facing the most challenging crisis in our 100-year history as we navigate the effects of the COVID-19 pandemic," said Anko van der Werff, CECO.
He said the grounding and a projected gradual recovery from the COVID-19 crisis made the Chapter 11 filing in US Bankruptcy Court for the Southern District of New York a "necessary step to address our financial challenges."
Avianca flies more than 30M people a year to 76 destinations in 27 countries. It has more than 21K workers.
Joele Frank, Wilkinson Brimmer Katcher's Leigh Parrish represents Avianca, while LLYC's Alejandra Aljure works in the Central American region.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
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.
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