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M Group Strategic Communications handles FTX Ventures as the cryptocurrency firm takes a 30 percent stake in former Trump counselor Anthony Scaramucci’s SkyBridge Capital alternative investment firm.
FTX, which is headed by billionaire Sam Bankman-Fried, and SkyBridge have a history of working together.
It has signed a multi-year sponsorship of SkyBridge’s SALT conferences in North America, Asia and the Middle East.
Bankman-Fried will be among the speakers at the upcoming SALT season in New York.
He said FTX looks “forward to collaborating closely with SkyBridge on its crypto investment activity and also working alongside them on promising non-crypto-related investments.”
Scaramucci did a ten-day stint as Donald Trump’s White House communications director but then became a top critic of the former president.
M Group’s Jay Morakis handles FTX, while Prosek Partners represents SkyBridge.
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.
Haggie Partners is working the $7B takeover of the specialty insurer Convex by Canada’s Onex private equity fund and American International Group.
WPP reported Q3 revenues less pass-through costs tumbled 5.9 percent to $3.3B, a performance new CEO Cindy Rose called “unacceptable.”
