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Kekst CNC represents Germany’s Schmid Group as the maker of capital equipment and software for the high-end electronics sector goes public via a SPAC merger with Pegasus Digital Mobility Acquisition Corp. that is valued in the $640M range.
Founded 160 years ago, Schmid is a fifth-generation owned and managed company.
The Schmid family will retain majority ownership and management positions following the fourth quarter completion of the merger.
Christian Schmid, chairman & CEO, called the company “a pioneer in the technology industry with differentiated leadership positions serving a diverse range of high-growth verticals.”
Becoming a NYSE-listed company will further Schmid Group’s standing as a “sought-after global solutions provider,” he said.
Kekst CNC has Daniel Yunger, Knut Engelman, Daniel Hoadley and Franziska Wissig working the Schmid Group merger.
Publicis Groupe owns Kekst CNC.
Prosek Partners represents Nuveen as it acquires London-based Schroders, which relies on Brunswick Group for PR counsel, in a $13.5B deal.
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Reevemark handles Eddie Bauer LLC as the retailer inks a Chapter 11 restructuring pact that has it conducting liquidation sales at its US and Canadian stores while working to find a buyer for either all of or part of the chain.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
