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.

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

AltC Acquisition Corp.

Sponsored by an affiliate of M. Klein and Company, LLC

$500M IPO

Austerlitz Acquisition Corporation I

Sponsored by Trasimene Capital Management, LLC

$629M IPO

Avista Public Acquisition Corp. II

Sponsored by an affiliate of Avista Capital Holdings

$230M 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

First Light Acquisition Group, Inc.

Sponsored indirectly by FLAG Sponsor Manager, LLC

$230M 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 IV, Inc.

Gores Holdings V, Inc.

Gores Holdings VI, Inc.

Gores Holdings VII, Inc.

Gores Holdings VIII, Inc.

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.

Gores Technology Partners II, Inc.

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 II Corp.

TPG Pace Beneficial Finance Corp.

TPG Pace Solutions Corp.

TPG Pace Tech Opportunities Corp.

Trebia Acquisition Corp.

Sponsored by affiliates of Trasimene Capital Management and Bridgeport Partners

$518M IPO

SPAC Transactions

Advent International and ATI Physical Therapy Holdings, LLC

$2.5B business combination

ATI Physical Therapy Holdings, LLC

Avista Public Acquisition Corp. II

pending $850M business combination

OmniAb, 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 merger

Lucid Motors

Foley Trasimene Acquisition Corp.

$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

Getty Images Inc.

~$4.8B business combination

CC Neuberger Principal Holdings II

Gores Guggenheim, Inc.

$20B business combination

Polestar Performance AB

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.

$2.9B business combination

Matterport, Inc.

Gores Holdings VIII, Inc.

pending ~$1.6B business combination

Footprint International Holdco, Inc.

Gores Metropoulos, Inc.

$3.4B merger

Luminar Technologies, Inc.

Gores Metropoulos II, Inc.

$1.925B business combination

Sonder Holdings

GS Acquisition Holdings Corp II

$2.6B business combination

Mirion Technologies, Inc.

Leafly Holdings, Inc.

business combination

Merida Merger Corp. I

Marquee Raine Acquisition Corp.

$1.2B business combination

Enjoy Technology, Inc.

Meridiam Infrastructure Partners and Allego Holding BV

$3.14B business combination

Spartan Acquisition Corp. III

MSP Recovery, LLC

$32.6B business combination

Lionheart Acquisition Corp. II

Mudrick Capital Acquisition Corporation

~$577M acquisition of substantially all of the assets of Hycroft Mining Corporation

Skillz Inc.

$3.5B business combination

Flying Eagle Acquisition Corp.

Software Luxembourg Holding S.A.

$1.3B merger

Churchill Capital Corp II

TCV

Rover’s $1.6B business combination

Nebula Caravel Acquisition Corp.

TPG Pace Solutions Corp.

$4.5B business combination

Vacasa LLC

Trebia Acquisition Corp.

pending $1.4B business combination

System1, LLC

Wejo Limited

$1.1B business combination

Virtuoso Acquisition Corp.

See list of lawyers globally

Named “SPAC Legal Advisory Firm of the Year”

Mergermarket North America M&A Awards 2021

Named a “Leading” Firm for SPACs in the U.S.

Chambers Global 2022 and Chambers USA 2021

Visit Weil’s Global Private Equity Watch, highlighting recent market trends and legal developments

Awards and Recognition, Speaking Engagements, Latest Thinking, Firm News & Announcements

Awards and Recognition

Weil Named “SPAC Legal Advisory Firm of the Year” Award Brief — Mergermarket North America M&A Awards 2021
Weil Named a “Leading” Firm for SPACs in the U.S. Award Brief — Chambers Global 2022
Weil Named a “Leading” Firm for SPACs in the U.S. Award Brief — Chambers USA 2021

Latest Thinking

SPACS Come to the U.K. Alert — By Murray Cox and David Avery-Gee — PDF — May 03, 2021

Firm News & Announcements

Weil Advised Getty Images in its $4.8B Business Combination with CC Neuberger Principal Holdings II Deal Brief — July 22, 2022
Weil Advised Gores Guggenheim, Inc. in its $20B Business Combination with Polestar Performance AB Deal Brief — June 23, 2022
Weil Advised MSP Recovery, LLC in its $32.6B Business Combination with Lionheart Acquisition Corp. II Deal Brief — May 18, 2022
Weil Advised EO Charging in its Proposed $675M Business Combination with First Reserve Sustainable Growth Corp. Deal Brief — March 17, 2022
Weil Advised Allego Holding B.V. in its $3.14B Business Combination with Spartan Acquisition Corp. III Deal Brief — March 16, 2022
Weil Advised Gores Metropoulos II, Inc. in its $1.925B Business Combination with Sonder Holdings Inc. Deal Brief — January 18, 2022

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