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Teneo handles media for Circle Internet Group, the largest US issuer of stablecoins, as it plans to raise about $625M via an initial public offering.
It pegged its stock price from $24 to $26 per share, giving the company a valuation in the $6.2B range.
Circle, which will trade on the New York Stock Exchange, has already raised about $1.2B via private placements. Those investors include Oak Investment Partners, Accel, Fidelity and Breyer Capital.
Circle pitches itself as a global financial technology firm that enables businesses to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
