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ICR Inc. and Tancredi Intelligent Communication are working the $676M deal that will take Turkey’s MNG Airlines, a cargo carrier and logistics provider, public via a merger with Golden Falcon Acquisition Corp. SPAC.
MNGA serves 15K corporate customers across the US, Asia and Europe with 3,500 flights per year. It is an approved supplier to the US military, NATO and the UN.
The company reported a 39 percent rise in revenue to $353M during the 12-month period ended September and net income of $61M.
Scott Freidheim, chairman of Golden Falcon, said the SPAC’s goal was to acquire “an established company in the Europe, Middle East and Israel region with a compelling track record, cash flow-generation, a clear transatlantic expansion nexus, a strong growth profile, and benefitting from secular market tailwinds.”
He believes MNGA meets those attributes.
ICR Inc.’s Michael Bowen represents MNGA, while TIC’s Salamander Davoudi handles Golden Falcon.
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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