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Joele Frank handles Core Scientific as the data center infrastructure company gets acquired by CoreWeave in a stock deal valued in the $9B range.
Core Scientific, which emerged from Chapter 11 in 2024, operates 10 digital asset mining facilities in Georgia, Kentucky, North Carolina, North Dakota, Oklahoma and Texas that support AI-related workloads.
“Verticalizing the ownership of Core Scientific’s high-performance data center infrastructure enables CoreWeave to significantly enhance operating efficiency and de-risk our future expansion, solidifying our growth trajectory,” according to CoreWeave CEO & co-founder Michael Intrator.
CoreWeave, which went public in March at $40 per share, now trades at $161.74.
Adam Sullivan, CEO of Core Scientific, said the deal delivers the “greatest value for our shareholders, who will be able to participate in the tremendous upside potential of the combined company.” Those shareholders will own less than 10 percent of the combined company.
Joele Frank, Wilkinson Brimmer Katcher partners Joseph Sala and Mahmoud Siddig represent Core Scientific.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
