ICR Inc. is handling the merger of Falcon’s Beyond, an entertainment development company, with Fast Acquisition Corp. in a SPAC deal valued in the $1B range.
Falcon’s Beyond specializes in intellectual property creation and expansion and has executed more than $100B worth of story-development projects during its 22-year history.
It has worked with Walt Disney World, Universal Studios, SeaWorld Parks & Entertainment, Marvel, NASA, Lego, Microsoft and Cartoon Network.
Falcon’s Beyond is currently developing Saudi Arabia’s first water theme park.
It plans to receive about $280M in cash proceeds following completion of the SPAC transaction.
CEO Cecil Magpuri said Falcon’s Beyond will earmark the funds to “scale globally, build out the brick-and-mortar experiential entertainment operations and enhance proprietary content.”
ICR’s Brett Milotte works the investment community while Keil Decker and Eric Becker handle the media for Falcon’s Beyond merger deal.