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Gladstone Place Partners handled the robust IPO of Sun Country Airlines, a market debut that bodes well for the COVID-19-impacted travel industry.
The Financial Times noted that SCA shares closed at $36.38 on the March 17 first day of trading, which was up 51.5 percent from the initial offering price.
SCA, which has been flying for more than 35 years, is enjoying bookings equal to the pre-pandemic level.
“We’re feeling really good about where we are and investors share that enthusiasm,” CEO Jude Bricker told the Financial Times.
The Minneapolis-based carrier serves more than 50 destinations in North America, Central America and the Caribbean.
Gladstone Place’s Christina Stenson and Felipe Ucros work the SCA business.
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.
