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Reevemark is handling Redwire Space, which is going public via a SPAC merger with Genesis Park Acquistion Corp., which focuses on aerospace investments.
Redwire is a "pure play" space company that produces solar arrays, robotic arms, navigational sensors and picks & shovels poised to capitalize on developments in the space infrastructure market.
Its technology is currently at work on the Mars Perseverance rover.
CEO Peter Cannito told CNBC that Redwire is “kind of a hybrid” offering the “middle ground of tremendous flight heritage but also disruptive technologies.”
The merger gives Redwire a $615M enterprise valuation. Shares will trade on the New York Stock Exchange once the deal is finalized during the second quarter.
Reevemark handled all external PR and IR comunications surrounding the merger.
The firm's Redwire team is led by Paul Caminiti and Delia Cannan, and includes Pam Greene, Luc Herbowy, Jill Steinman and Davey Roberts.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
Haggie Partners is working the $7B takeover of the specialty insurer Convex by Canada’s Onex private equity fund and American International Group.
WPP reported Q3 revenues less pass-through costs tumbled 5.9 percent to $3.3B, a performance new CEO Cindy Rose called “unacceptable.”
