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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.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
Uber’s Mike Lucarelli is moving to NXP Semiconductors as senior VP-investor relations.
