 |
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.
ICR Inc. handles FAT Brands as the Los Angeles-based fast-casual, quick-serve restaurant owner/franchisor acquires Smokey Bones Bar & Fire Grill chain from Sun Capital Partners for $30M.
Matter handles Abpro, a biotechnology company that develops antibody therapies to treat cancers, as it merges with Atlantic Coastal Acquisition Corp. in a SPAC deal worth $725M.
Joele Frank reps MEI Pharma as its confirms that it has received nomination of director candidates from Anson Advisors and Cable Car Capital.
FTI Consulting has hired CNBC's Nancy Hungerford as managing director in its strategic communications group.
FTI Consulting handles Hostess Brands as the marketer of Twinkies, Ding Dongs and Zingers agrees to be acquired by J.M. Smucker Co. in a deal worth $5.6B.
Have a comment? Send it to 
No comments have been submitted for this story yet.