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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.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
