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ICR Inc. handles US media surrounding UK-based Vertical Aerospace in its $2.2B SPAC deal engineered with Broadstone Acquisition to become a New York Stock Exchange-listed company.
As a leader in the electric Vertical Take-Off and Landing (eVTOL) aircraft market, Vertical’s goal is to make air travel carbon-free, personal and on-demand.
Stephen Fitzpatrick, who launched Vertical in 2016, said, “electrification will transform flying in the 21st century in the same way that jet engines did 70 years ago.”
His company has pre-orders worth $4B for 1,000 eVTOL aircraft from American Airlines and Avolon, along with a pre-order option from Virgin Atlantic.
American Airlines has agreed to work with VA on passenger operations and infrastructure development in the US. Vertical will partner with Virgin Atlantic for a VA-branded eVTOL network in the UK.
American Airlines, Microsoft, Rolls-Royce, Avolon and Honeywell have invested in Vertical.
ICR has Phil Denning and Dan McDermott working the media for Vertical, while Edelman’s Iain Dey and Raeesa Chowdhury-King represent Broadstone.
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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