June 23, 2022
Weil advised Gores Guggenheim, Inc., a SPAC sponsored by affiliates of The Gores Group and Guggenheim Capital, in its $20 billion business combination with Polestar Performance AB, a Sweden-based pure play manufacturer of premium performance electric vehicles, which was owned by Sweden-based Volvo Car AB and Zhejiang Geely Holding. The transaction closed on June 23, 2022.
The Weil team that advised Gores Guggenheim, Inc. was led by Private Equity partner Kyle Krpata and included Private Equity associates Frank Tsui, Hilary Wilkerson and John Zhang. The team also included Mergers & Acquisitions partner James R. Griffin; Mergers & Acquisitions counsel Claudia Lai; Capital Markets partner Heather Emmel; Capital Markets associates Rebecka Moreno and Erica Yoon; the Asia team included Corporate partners Henry Ong, Tim Gardner and Charles Ching, Corporate counsel Jie Yuan and Yujing Liu and Corporate associates Jacky Sin, Yang Mo and Sam Flood; the London team included Corporate partner David Avery-Gee, Corporate senior consultant Ian Hamilton, Tax partner Jenny Doak and Private Funds counsel Jacquelyn Volpe; Private Funds partner Sarah Borden; Banking & Finance partner Gabriel Gregson; Banking & Finance associate Avni Patel; Tax partners Helyn Goldstein and Chayim Neubort; Tax associate Madeline Joerg; Technology & IP Transactions partner Karen Ballack; Technology & IP Transactions/Privacy associates Catherine Kim, Audrey Nicolson and Amanda DeMasi; Executive Compensation & Benefits partner Amy Rubin; Environmental Head Annemargaret Connolly; Regulatory Transactions partner Shawn Cooley; Regulatory Transactions counsel Nathan Cunningham; Complex Commercial Litigation partner Bambo Obaro; Complex Commercial Litigation associate Morgan Donoian MacBride; and Employment Litigation partner Gary Friedman.