Michael Eisner
One of the drivers of the deal was the rise of NFTs and blockchain technology, which have become a growing business in the entertainment and collectibles industry.
Former Disney chief Michael Eisner has found his next deal.
Eisner will take the trading card and collectibles company Topps public through a deal with the Special Purpose Acquisition Company (SPAC) Mudrick Capital Acquisition Corporation II.
Eisner s Tornante company bought Topps in 2007 with Madison Dearborn Partners for $385 million. The deal announced Tuesday values Topps at $1.3 billion. Eisner, who said in a statement that he will not sell any of his shares in Topps after the deal is complete, will stay on as chairman of the public company. Michael Brandstaedter will remain CEO.
Broker Ardonagh Group Forms Unit for International M&A; Makes 1st U.S. Acquisition April 6, 2021
London-based broker the Ardonagh Group announced the launch of Ardonagh Global Partners (AGP), a unit focused on international mergers and acquisitions.
The company also announced its first acquisition in the United States, AccuRisk Solutions, following on the heels of recent purchases in the UK and Australia.
AGP’s strategy is to invest in leading platforms operating in attractive markets and product verticals outside of the UK and Europe and will sit within Ardonagh’s new International platform, said the company in a statement.
Following refinancing in the summer of 2020, Ardonagh said it has committed to invest £155 million ($215 million) in M&A.
Topps Digital Strikes Again: Godzilla NFT Collectibles are Coming to the WAX Blockchain on March 31! financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.
Option Care Health Announces Pricing of Secondary Offering of 12,000,000 Shares of Common Stock
BANNOCKBURN, Ill., March 15, 2021 (GLOBE NEWSWIRE) Option Care Health, Inc. (“Option Care Health” or the “Company”) (NASDAQ: OPCH) announced today that an affiliate of Madison Dearborn Partners (the “Selling Stockholder”) has agreed to sell 12,000,000 shares of the Company’s common stock at a price to the public of $20.00 per share in an underwritten public offering. The Selling Stockholder has also granted the underwriter a 30-day option to purchase up to 1,800,000 additional shares of common stock. The offering is expected to close on March 17, 2021, subject to customary closing conditions. The Company will not receive any proceeds from the offering.
Topps Announces Further Expansion in Japan
Global Leader of Trading Cards Expands Presence in Tokyo
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NEW YORK, March 16, 2021 /PRNewswire/ The Topps Company, Inc., a global leader in sports and entertainment trading cards and collectibles, today announced its international expansion into the Japanese market. To better serve the Japanese and Asian market s increasing demand for trading cards, Topps has opened a new office in Tokyo. With its presence in Tokyo, Topps will increase its support to local customers and collectors in Japan and across the Asia region.
Since the 1930s, Topps has continued to innovate products to include experiential, one-of-a-kind events and unique promotions and to appeal to its global consumers with localized offerings. Through partnerships with proven local talent and Topps long-standing partnerships with global licensing partners like Major League Baseball, UEFA, Bundesliga, and Star Wars,