September 23, 2020
Weil is advising Gores Holdings IV, Inc., a SPAC sponsored by an affiliate of The Gores Group, LLC, in its business combination with United Wholesale Mortgage, at the time the largest wholesale mortgage originator in the United States, in a transaction that values United Wholesale Mortgage at approximately $16.1 billion, making it the largest business combination for a SPAC to date. The transaction is expected to close in the fourth quarter of 2020, subject to regulatory and stockholder approvals, and other customary closing conditions.
The Weil team advising Gores is led by Private Equity/M&A partner Kyle Krpata and includes Private Equity associates Kevin Thomas, Joe Ferrari, Monica Kwok and Tanya Smith. The team also includes Mergers & Acquisitions partner James Griffin; Mergers & Acquisitions associates Claudia Lai, Wei Xu and Mark McMonigle; Tax partners Mark Schwed and Helyn Goldstein; Tax associates Adam Arikat and Mary Sommers; Executive Compensation & Benefits partner Amy Rubin; Executive Compensation & Benefits counsel Craig Olshan; Executive Compensation & Benefits associate Manleen Singh (Admitted in Illinois Only); Banking & Finance partner Gabriel Gregson; Banking & Finance associates Conor O'Muiri and Alicia Shen; Capital Markets partner Heather Emmel; Capital Markets counsel Barbra Broudy; Capital Markets associate Natasha Patel; Technology & IP Transactions partner Karen Ballack; Technology & IP Transactions associates Kane Wishart, Olivia Greer, Eliza Cotter and Seowoo Kim; Antitrust counsel Vadim Brusser; Antitrust associate Dan Nobil; Regulatory counsel Timothy Welch; Employment Litigation Head Gary Friedman; and Employment Litigation associate Thomas McCarthy.