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Joele Frank handles Aerojet Rocketdyne as Lockheed Martin bails on the $4.4B acquisition of the aerospace and defense contractor.
Lockheed terminated the deal on Feb. 13 after the Federal Trade Commission filed a lawsuit seeking a preliminary injunction to block the deal that was announced Dec. 20, 2020.
The FTC believes the acquisition of the nation’s last independent maker of missile propulsion systems would raise prices and reduce competition.
Aerojet Rocketdyne remains confident in its future as an independent company.
It cited “an impressive backlog that is more than three times the size of our annual sales and a strong macroeconomic environment underpinning our portfolio,"
Joele Frank, Wilkinson Brimmer Katcher’s Sharon Stern and Katelyn Villany represent Aerojet Rocketdyne.
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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