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Reevemark advised Gulfport Energy during its 18-month tussle with activist investor Firefly Value Partners, owner of a 13.1 percent stake in the Oklahoma City-based oil and natural gas company.
The firm communicated Gulfport's move to revamp its board of directors, bring in a new management team, align production, operations and cost structure to the current macroeconomic environment and to cut debt.
Reevemark partners Hugh Burns and Paul Caminiti led the Gulfport team that included senior VP, Nicholas Leasure, senior associate Jacqueline Zuhse and associate Justin New.
Firefly on June 2 withdrew its slate of director nominees to Gulfport's board, noting that the company has made "significant and positive" changes, including replacing five directors following the 2020 annual meeting, since it launched its campaign.
The investment partnership promised to monitor the board to ensure accountability and performance, saying it "has a chance to turn the page and create shareholder value from the exceptional assets and opportunities that Gulfport possesses."
Sloane & Co's Dan Zacchei and Joe Germani handled Firefly.
SKDKnickerbocker, which is part of Mark Penn's Stagwell Group, acquired Sloane in February.
C Street Advisory handles iRobot Corp as the marketer of the Roomba autonomous vacuum cleaner files Chapter 11 after being squeezed by cheaper competitors.
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 and Gagnier Communications are handling 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.
