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Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
The transaction will create a paints and coatings giant with $17B in annual revenues that is active in more than 160 countries.
Chris Villavarayan, CEO of Axalta, said the merger joins “best-in-class platforms to enhance innovation, develop new capabilities and further strengthen customer relationships.”
AkzoNobel shareholders will own 55 percent of the combined and renamed company, with Axala investors owning the balance. Greg Poux-Guillaume will serve as CEO of the merged New York Stock Exchange-listed entity. Villavarayan will slide into the deputy CEO position.
The deal is expected to close late next year or in early 2027.
Joele Frank, Wilkinson Brimmer Katcher’s Jamie Moser, Adam Pollack and Jed Repko handle Axalta.
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.
