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Joele Frank and FGS Global handle the $8B “merger of equals” between Cedar Fair and Six Flags Entertainment.
The combined company will have 42 amusement parks and nine resorts in 17 states, Canada and Mexico.
Cedar Park shareholders will hold a 51.2 percent of the new entity, while Six Flags owners take a 48.8 percent stake.
Richard Zimmerman, CEO of Cedar Park, will helm the company. The the merger will join “two of North America’s iconic amusement park companies to establish a highly diversified footprint and a more robust operating model to enhance park offerings and performance," he said.
Six Flags chief Selim Bassoul is slated for the executive chairman position.
The merged company will take on the Six Flags name, be headquartered in Charlotte, NC, and maintain finance and administrative operations in Sandusky, OH, where Cedar Fair’s HQ is located. Six Flags is based in Arlington, TX.
Joele Frank, Wilkinson Brimmer Katcher’s Joele Frank, Andrew Siegel and Lucas Pers handle Cedar Fair.
FGS Global has Robin Weinberg, Hayley Cook and Bridget Nagle representing Six Flags.
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.
Haggie Partners is working the $7B takeover of the specialty insurer Convex by Canada’s Onex private equity fund and American International Group.
WPP reported Q3 revenues less pass-through costs tumbled 5.9 percent to $3.3B, a performance new CEO Cindy Rose called “unacceptable.”
