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Joele Frank handles Travel Centers of America as the nation’s biggest truck stop/convenience store chain gets acquired by British energy giant BP in a deal pegged at $1.3B.
BP is shelling out $86 cash per share for TA, which represents a whopping 84 percent premium over its 30-day average trading priced ended Feb. 15.
TA CEO Jonathan Pertchik said BP’s offer follows “the successful implementation of our turnaround and strategic plans,” which includes the launch of the eTA alternative fuels program.
The Westlake, OH-based company posted a 54.7 percent revenue boost to $8.2B during the nine-month period ended Sept. 30. Net income soared 158.4 percent to $117.2M.
TA, which operates 281 truck stops in 44 states, had received unsolicited takeover bids from companies other than BP.
Joele Frank, Wilkinson Brimmer Katcher has Andrew Segel and Jack Kelleher representing TA.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
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.
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