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ICR Inc. represents Footprint, the material sciences company that has developed plant-based materials to replace plastic packaging, as it plans to go public via a merger with Gores Holding VIII SPAC in a transaction valued at $1.6B.
“Our mission is to create a healthier planet and step one is to design, develop and manufacture plant-based fiber solutions as an alternative to single-use plastics,” said Troy Swope, co-founder & CEO of Footprint.
The Gilbert, AZ-based company’s customer base includes General Mills, Tyson, Quaker, McDonald’s, Procter & Gamble, Nestle, Unilever and Conagra.
It envisions a $315B annual market opportunity as companies step up sustainability drives and shed plastic and foam packaging for their products.
Launched in 2014, Footprint will trade on the NASDAQ.
ICR’s Reed Anderson works the investment community for Footprint, while Cory Ziskind handles media.
Sard Verbinnen & Co.'s John Christiansen and Cassandra Bujarski represent Gores Group.
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
