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C Street Advisory Group is handling the Chapter 11 filing of Takeoff Technologies, which handles fulfillment services for online grocery retailers.
Prior to the bankruptcy filing, The Waltham, MA-based company had explored the sale of the company or certain of its assets.
It determined that a “court-supervised proceeding was the best way to effectuate a value-maximizing marketing process, while maintaining industry-critical operations for customers.”
John DiDonato, Takeoff’s chief restructuring officer, said the company’s “priority is minimizing disruption for our valued customers and employees, and the communities they serve, as we continue to engage in discussions with potential buyers to maximize value for our stakeholders."
C Street’s Katie Reimel handles Takeoff Technologies.
Jenn Kettnich, who has more than 15 years of financial communications experience, has joined Liftoff Mobile as VP-investor relations following completion of its recent IPO.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
