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Joele Frank represents Frontier Airlines and Sard Verbinnen & Co. handles Spirit Airlines as the “ultra-low” cost carriers combine to create the nation’s fifth largest airline with $6.6B revenues.
Frontier shareholders will own 51.5 percent of the merged airline and its chairman William Franke will lead a committee to select the management team, branding and headquarters city of the combined carrier.
Frontier/Spirit promise to expand service to underserved small- and mid-sized cities across the US and add 10K new employees by 2026.
Joele Frank, Wilkinson Brimmer Katcher’s Ed Trissel and Joseph Sala work the Frontier business, while Sard Verbinnen’s Andrew Cole, Robin Weinberg and Columbia Clancy handle Spirit.
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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