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ICR Inc. is handling media for Blue Nile, an online retailer of conflict-free diamonds, as it goes public via a deal with Mudrick Capital Acquisition Corp. special acquisition company.
Launched in 1999, Blue Nile ships to 44 countries and boasts of a selection of more than 650K natural diamonds and an expansive fine jewelry collection that is priced at 25 to 50 percent less than brick-and-mortar retailers.
CEO Sean Kell says Blue Nile is well-positioned for growth. “We have only scratched the surface of an estimated $320B global fine jewelry market that has been slow to move online and remains fragmented,” he said.
The SPAC deal puts the pro forma implied value of the combined company at $873M.
The transaction received PIPE support from Bain Capital Private Equity, Adama Partners and Bow Street.
ICR has Caitlin Churchill working the investment community and Judy Lee handling media for Blue Nile, which will trade on the NASDAQ.
Kekst CNC advised Mudrick. Todd Fogarty led the team.
Jenn Kettnich, who has more than 15 years of financial communications experience, has joined Liftoff Mobile as VP-investor relations following completion of its recent IPO.
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.
