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Prosek Partners and ICR Inc. handle Flywire as the Boston-based global payments company raises $250M in its IPO.
Flywire CEO Mike Massaro plans to use the IPO proceeds for technology and solutions development and for possible acquisitions to complement his company’s offerings.
The company supports more than 2,250 clients with payments in more than 130 currencies in 240 countries.
The IPO comes just ahead of the summer travel season, in which seven in ten frequent travelers expect to spend more this year than they have in the past five years, according to a Flywire survey report released May 12.
Colin Smyth, travel GM at Flywire, said people planning to explore the post-pandemic world are looking for travel companies that offer “seamless, transparent and secure payment options.”
Prosek handles media for Flywire, while ICR deals with investors.
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.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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