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Sard Verbinnen & Co. and Blueshirt Group are handling Grab, Singapore-based “superapp,” which is going public via the largest-ever SPAC deal.
Grab is combining with Silicon Valley’s Altimeter Growth Group in a transaction valued at $40B. Its stock will trade on the NASDAQ.
Launched in 2012 as Southeast Asia’s version of Uber, the Grab superapp has access to more than 9M drivers, merchants and agents handling food/package delivery, mobile payments and financial services in more than 425 cities in eight countries.
“It gives us immense pride to represent Southeast Asia in the global public markets,” Grab CEO Anthony Tan said in a statement.
He called the SPAC deal “a milestone to open up access for everyone to benefit from the digital economy.”
Sard Verbinnen & Co. handles US media inquiries about the deal, while Next Fifteen Communications Group’s Blueshirt unit deals with the investment community.
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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