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ASC Advisors represents Light Street Capital as it opposes Hellman & Friedman and Permira’s $10.2B cash deal to acquire Zendesk, San Francisco-based customer relationship management company.
Zendesk on June 24 agreed to a $77.50 per share offer, which represented a 34 percent premium on its closing stock price.
Light Street said in its Aug. 29 letter to Zendesk’s board the proposed transaction materially undervalues the company and is detrimental to shareholder interest.
The owner of two percent of Zendesk’s shares offered an alternative plan to the H&F/Permira acquisition, a program that includes a recapitalization, tender offer, stock buyback and revised corporate operating plan.
ASC Advisors’ Steve Bruce and Taylor Ingraham handle Light Street Capital.
FGS Global’s John Christiansen and Zachary Tramonti represented Zendesk in the H&F/Permira deal.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
