SPACs

Weil has significant experience involving SPACs or special purpose acquisition companies. Our cross-disciplinary team of highly experienced capital markets, private equity, M&A, tax and executive compensation and employee benefits lawyers brings to bear their deep knowledge and experience in SPAC IPOs and business combinations involving SPACs, including PIPE investments in connection with SPAC business combinations and guide clients throughout the entire SPAC life cycle – before and after a SPAC business combination transaction.

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Notable Representations, Key Contacts

Over the last several years, SPACs have gone mainstream with numerous private equity sponsors raising SPACs and selling portfolio companies to SPACs, as well as, companies combining with SPACs. Transactions involving SPACs present unique challenges (and opportunities), which require experienced counsel. Weil regularly advises:

  • SPAC sponsors and underwriters in structuring and raising capital for SPACs
  • SPAC sponsors in obtaining forward commitments for SPACs and PIPE investments in connection with acquisitions
  • SPACs in acquiring target companies
  • Private equity sponsors in selling portfolio companies to SPACs
  • Companies combining with SPACs

Given our leading position in this market, we have significant experience with all of the SPAC market participants, including the leading investment bankers, SPAC sponsors, PIPE investors and lawyers advising SPACs.

Representative Experience

SPAC IPOs

Atlantic Avenue Acquisition Corp

Sponsored by an affiliate of MC Credit Partners

$250M IPO
Austerlitz Acquisition Corporation I

Sponsored by Trasimene Capital Management, LLC

$629M IPO
Austerlitz Acquisition Corporation II

Sponsored by Trasimene Capital Management, LLC

$1.3B IPO
Churchill Capital Corp VII

Sponsored by Churchill Capital Group

$1.38B IPO
Deep Lake Capital Acquisition Corp.

Sponsored by Deep Lake Capital Sponsor LP

$207M IPO
Foley Trasimene Acquisition Corp.

Sponsored by Bilcar FT, LP and Trasimene Capital FT, LP

$1B IPO
Foley Trasimene Acquisition Corp. II

Sponsored by Trasimene Capital FT, LP II

$1.5B IPO
Fortress Capital Acquisition Corp.

Sponsored by Fortress Capital Acquisition Sponsor LLC

$400M IPO
Fortress Value Acquisition Corp.

Sponsored by Fortress Investment Group

$345M IPO
Fortress Value Acquisition Corp. II

Sponsored by Fortress Investment Group

$345M IPO
Fortress Value Acquisition Corp. III

Sponsored by Fortress Investment Group

$230M IPO
Fortress Value Acquisition Corp. IV

Sponsored by Fortress Investment Group

$600M IPO
Gores Guggenheim, Inc.

Advising The Gores Group

Sponsored by affiliates of Gores and Guggenheim Capital

$750M IPO
Gores Holdings, Inc.

Sponsored by The Gores Group

$375M IPO
Gores Holdings II, Inc.

Sponsored by The Gores Group

$400M IPO
Gores Holdings III, Inc.

Sponsored by The Gores Group

$400M IPO
Gores Holdings IV, Inc.

Sponsored by The Gores Group

$425M IPO
Gores Holdings V, Inc.

Sponsored by The Gores Group

$525M IPO
Gores Holdings VI, Inc.

Sponsored by The Gores Group

$345M IPO
Gores Holdings VII, Inc.

Sponsored by The Gores Group

$620M IPO
Gores Holdings VIII, Inc.

Sponsored by The Gores Group

$345M IPO
Gores Metropoulos, Inc.

Sponsored by Gores Metropoulos Sponsor LLC

$400M IPO
Gores Metropoulos II, Inc.

Sponsored by Gores Metropoulos Sponsor LLC (an affiliate of The Gores Group and Dean Metropoulos)

$450M IPO
Gores Technology Partners, Inc.

Sponsored by The Gores Group

$275M IPO
Gores Technology Partners II, Inc.

Sponsored by The Gores Group

$460M IPO
Marquee Raine Acquisition Corp.

Sponsored by an affiliate of The Raine Group LLC and Marquee Sports Holdings LLC

$374M IPO
Mosaic Acquisition Corp.

Co-sponsored by Fortress Investment Group

$345M IPO
TPG Pace Beneficial Finance Corp.

Sponsored by TPG Pace Group

$350M IPO
TPG Pace Energy Holdings Corp.

Sponsored by TPG Pace Group

$650M IPO
TPG Pace Holdings Corp.

Sponsored by TPG Pace Group

$450M IPO
TPG Pace Tech Opportunities Corp.

Sponsored by TPG Pace Group

$450M IPO
Trebia Acquisition Corp.


Sponsored by affiliates of Trasimene Capital Management and Bridgeport Partners

$518M IPO

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SPAC Transactions

Advent International and ATI Physical Therapy Holdings, LLC

$2.5B business combination

ATI Physical Therapy Holdings, LLC
Avista Healthcare Public Acquisition Corporation

$673M acquisition

Organogenesis Inc.
ChargePoint, Inc.

$2.4B business combination

Switchback Energy Acquisition Corporation
Churchill Capital Corp III

$5.7B merger

MultiPlan, Inc.
Churchill Capital Corp IV

$11.75B take-public merger

Lucid Motors
Foley Trasimene Acquisition Corp.

pending $7.3B combination

Alight Solutions LLC
Foley Trasimene Acquisition Corp. II

$9B merger

Paysafe Group Holdings Limited
Fortress Value Acquisition Corp.

$1.5B business combination

Secure Natural Resources and MP Materials
Gores Holdings II, Inc.

~$2.4B transaction

Verra Mobility Corporation
Gores Holdings III, Inc.

$1.55B business combination

Pacific Architects and Engineers, Inc.
Gores Holdings IV, Inc.

$16.1B business combination

United Wholesale Mortgage
Gores Holding V, Inc.

$8.5B business combination

Ardagh Metal Packaging S.A.
Gores Holdings VI, Inc.

$2.6B business combination

Matterport, Inc.
Gores Metropoulos, Inc.

$3.4B merger

Luminar Technologies, Inc.
Gores Metropoulos II, Inc.

$2.2B business combination

Sonder Holdings
Healthcare Merger Corp.

$720M merger

Specialists On Call, Inc.
Irving Place Capital Management and Agiliti Holdco, Inc.

$1.74B business combination

Federal Street Acquisition Corp.
Marquee Raine Acquisition Corp.

pending $1.2B business combination

Enjoy Technology, Inc.
Mudrick Capital Acquisition Corporation

~$577M acquisition of substantially all of the assets of Hycroft Mining Corporation
Mudrick Capital Acquisition Corporation II

pending $1.3 billion business combination

The Topps Company, Inc.
Next Decade, LLC

$1B reverse merger

Harmony Merger Corp.
Skillz Inc.

$3.5B business combination

Flying Eagle Acquisition Corp.
Software Luxembourg Holding S.A.

$1.3B merger

Churchill Capital Corp II
TPG Pace Holdings Corp.

~$884M acquisition of stock

Accel Entertainment, Inc.

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