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Joele Frank represents Reinvent Technology Partners as the special purpose acquisition company completes a merger that results in Hippo Insurance Services becoming a public company with shares trading on the New York Stock Exchange.
Headquartered in Palo Alto, Hippo markets home insurance in 37 states.
CEO Assaf Wand said the SPAC deal “showcases the tremendous progress we’ve made in our pursuit to revolutionize home insurance through the lens of the homeowner."
Hippo’s goal is to “modernize the home insurance industry and bring joy back into homeownership,” he said.
RTP is the firm of LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus.
Joele Frank guided RTP’s merger with Joby Aviation, maker of electrical vertical takeoff/landing aircraft, earlier this year.
Joele Frank, Wilkinson Brimmer Katcher’s Ed Trissel and Scott Bisang work on the RTP business, while Chris Mammone of the Blueshirt Group represents Hippo for IR and FTI Consulting's Rachel Kleiman does financial media outreach.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
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.
