September 29, 2021
Weil is advising Gores Guggenheim, Inc., a SPAC sponsored by affiliates of The Gores Group and Guggenheim Capital, in its pending $20 billion business combination with Polestar Performance AB, a Sweden-based pure play manufacturer of premium performance electric vehicles, which is currently owned by Sweden-based Volvo Car AB and Zhejiang Geely Holding. The transaction is expected to close in the first half of 2022, subject to customary closing conditions. Upon closing, the combined company will be held by a new public company that will be named Polestar Automotive Holding UK Limited.
The Weil team advising Gores Guggenheim, Inc. is led by Private Equity partner Kyle Krpata and includes Private Equity associates Grace Ly, Frank Tsui, Hilary Wilkerson and John Zhang. The team also includes Mergers & Acquisitions partner James R. Griffin; Mergers & Acquisitions associates Claudia Lai and Benjamin Rowe; Capital Markets partner Heather Emmel; Capital Markets associates Rebecka Moreno and Erica Yoon; the Asia team includes Corporate partners Henry Ong, Tim Gardner and Charles Ching and Corporate associates Jie Yuan, Jacky Sin, Yujing Liu, Yang Mo and Sam Flood; the London team includes Corporate partner David Avery-Gee, Corporate senior consultant Ian Hamilton, Tax partner Jenny Doak and Private Funds counsel Jacquelyn Volpe; Private Funds counsel Sarah Borden; Banking & Finance partner Gabriel Gregson; Banking & Finance associate Avni Patel; Tax partners Helyn Goldstein and Chayim Neubort; Tax associate Madeline Joerg (Admitted in New York and North Carolina Only); Technology & IP Transactions partner Karen Ballack; Technology & IP Transactions/Privacy counsel Alexa Chu Clinton; Technology & IP Transactions/Privacy associates Catherine Kim, Audrey Nicolson and Amanda DeMasi; Executive Compensation & Benefits partner Amy Rubin; Environmental Head Annemargaret Connolly; Environmental counsel Thomas Goslin; Regulatory Transactions partner Shawn Cooley; Regulatory Transactions associate Nathan Cunningham; Complex Commercial Litigation partner Bambo Obaro; Complex Commercial Litigation associate Morgan Donoian MacBride; Employment Litigation partner Gary Friedman; and Employment Litigation counsel Ami Zweig.