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Brunswick Group handles Concordia, the Rothschild family holding company, that plans to take the storied Rothschild & Co. investment bank private.
The Paris-based financial institution, which traces its roots to the 1700s, has 60 offices in 40 countries.
Concordia holds 38.9 percent of Rothschild’s share capital and 47.5 percent of the voting rights.
It plans to offer shareholders $52 per share for their stock, which represents a 19 percent premium over the Feb. 3 closing price of Rothschild’s shares.
Concordia says the bank’s businesses (wealth & asset management, merchant banking and global advisory) do not require access to capital from the public equity markets.
It also believes a privately held Rothschild will be able to focus on long-term growth rather than meeting short-term earnings.
Brunswick Group’s Simone Selzer represents Concordia.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
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.
