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Kekst CNC represents Agriculture & Natural Solutions Acquisition Corp. as it acquires Australian Food & Agriculture Co. in a SPAC deal valued at $510M.
The stock is expected to be listed on the New York Stock Exchange.
Riverstone Holdings LLC, which has raised $43B in capital since its 2000 launch, and Impact AG Partners sponsor the ANSC SPAC.
AFAC, which traces its history back to 1861, is one of Australia’s biggest diversified agriculture companies. It raises sheep and cattle; and grows crops such as cotton, rice, wheat, barley, canola, corn, chick peas and faba beans.
David Leuschen, ANSC chair and a third-generation Montana rancher, said the AFAC deal represents a once in a generation chance to combine with a major Australian agricultural company that owns some of that country’s most iconic properties.
Kekst CNC’s Daniel Yunger and Emma Cloyd represent ANSC.
Publicis Groupe owns Kekst CNC.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
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.
