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Brunswick Group is handling 7-Eleven’s $21B cash acquisition of the Speedway convenience store chain of Marathon Petroleum.
The addition of 3,900 Speedway units will bolster 7-Eleven’s US and Canada network to about 14,000 stores. 7-Eleven will strengthen its position on the East Coast and Midwest and have a presence in 47 of the top 50 American markets.
7-Eleven, a unit of Japan’s Seven and i Holdings, operates, franchises and/or licenses more than 70,000 convenience stores in 17 countries.
Jonathan Doorley, head of Brunswick’s US M&A team, leads the deal team from New York. He’s supported by NYC partner Charlie Koons, director Kate Beers and Tokyo’s Daisuke Tsuchiya, who heads the firm’s Japan practice.
It seems we go through a bank crisis every 12 to 15 years… but this one, as opposed to those in the past, was accelerated by instant digital commentary and communications.
Joele Frank is handling the bankruptcy filing for SVB Financial, a restructuring designed to preserve the value of its venture capital platform and regulated broker-dealer units.
The aftermath of Silicon Valley Bank's downfall suggests that mismanaged public relations (or the absence thereof) played a significant role in it.
Gladstone Place Partners is working for San Diego-based biotech Illumina Inc as it engages in a proxy fight with activist investor Carl Icahn, who has nominated three directors to its board of directors.
PR professionals need to make sure that the management teams of such institutions as Silicon Valley Bank and Signature Bank understand the reputational and business impact that governance decisions can have.
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