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ICR Inc. handles Blackstone Products, which commands 80 percent of the outdoor griddle market, as it plans to go public via a SPAC deal worth $900M.
The Wall Street Journal noted that Blackstone’s griddles are star performers on the TikTok and Instagram social media platforms, which has driven awareness of the product line, according to the company’s CEO Roger Dahle.
He called the company, which launched its first griddle in 2008, a pioneer in the category that has ignited a “massive social media movement supported by our loyal customers.”
Dahl said the merger with Ackrell SPAC Partners will help Blackstone “to achieve its mission to make outdoor cooking accessible to all, for every meal.”
Blackstone will trade on the NASDAQ once the transaction is completed during the second quarter of 2022.
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
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.
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