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Joele Frank, Wilkinson Brimmer Katcher represents Broadcom as it moves to acquire VMware cloud software company in a $69B deal, including debt, a deal that could signal a rebound in big corporate mergers, according to the Financial Times.
The transaction will transform the semiconductor company into a diversified tech powerhouse equipped to tackle the most pressing information infrastructure needs.
Broadcom CEO Hock Tan calls VMware an iconic pioneer and innovator in enterprise software.
“Collectively, we will deliver even more choice, value and innovation to customers, enabling them to thrive in this increasingly complex multi-cloud era,” Tan said.
Michael Dell, chairman of VMware, says the merger is a “landmark moment” that provides shareholders and employees the opportunity to participate in meaningful upside.”
JFWBK’s Joele Frank, Tim Rangones and Arielle Rothstein handle Broadcom.
Sard Verbinnen & Co.’s Paul Kranhold, Pete Siwinski and Leah Polito work the VMware account.
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.
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.
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