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San Francisco-based Market Street Partners handles Astra space launch company as it merges with Holicity SPAC to become a publicly traded company. The IPO is valued at $2.1B.
Astra has launched more than 50 rockets since starting up in 2016. Its customers include NASA and the Dept. of Defense.
CEO & founder Chris Kemp said the IPO takes Astra a step closer to its mission of “improving life on Earth from space by fully funding our plan to provide daily access to low Earth orbit from anywhere on the planet.”
Holicity is the investment vehicle of cell phone industry pioneer Craig McCaw. He sold McCall Cellular to AT&T in 1994 for $11.6B. It was renamed AT&T Wireless.
McCaw went on to form Nextel, which merged with Sprint in a 2006 via a deal pegged at $6.5B.
“Astra’s space platform will further improve our communications, help us to protect our planet and unleash entrepreneurs to launch a new generation of services to enhance our lives,” said McCaw, who will take a seat the company’s board.
Astra is the first space launch company to list on the NASDAQ.
Carolyn Bass handles the investment community for Astra. She co-founded Market Street Partners with fellow Morgen-Walke alum JoAnn Horne.
Todd Wolfenbarger, president of Salt Lake City’s The Summit Group, works the media for Holicity.
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.
