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Joele Frank handles Vivint Smart Home as it agrees to be acquired by NRG Energy in a deal valued at $5.2B.
Provo-based Vivint provides integrated home security systems and monitoring services to 1.9M customers throughout the US.
Houston-headquartered NRG powers more than 6M homes/businesses in 24 states and eight Canadian provinces.
CEO Mauricio Gutierrez called the acquisition of Vivint “transformational” as an important part of his company’s plan to supply an array of essential home services to customers.
He said people “want simple, connected and customized experiences that provide peace of mind. Vivint’s smart home technology strengthens our retail platform, improves our customer experience and increases customer lifetime value.”
NRG’s $12 per-share offer represents a 33 percent premium over Vivint’s Dec. 5 closing stock price.
The transaction consists of $2.8B cash and the assumption of $2.4B in debt.
Joele Frank, Wilkinson Brimmer Katcher’s Ed Trissel, Joseph Sala and Kara Sperry represent Vivint.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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