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Special purpose acquisition companies (SPACs)
A global leader in SPACs.
Freshfields handles all elements of the SPAC (special purpose acquisition company) and de-SPAC process – from the SPAC's formation and IPO to the subsequent business combination – with top-tier M&A, capital markets, corporate governance, tax and benefits lawyers.
With dozens of SPAC transactions under our belts and longstanding relationships with all constituencies, including the investment banks, PIPE investors, sponsors, legal advisors and PR firms, we have the stature to successfully resolve sticking points and the temperament to work constructively with all major players in the SPAC and de-SPAC process.
We leverage our deep experience navigating the SEC and other global regulators alongside the legal, contractual and disclosure issues on which the regulators, the exchanges, the merger parties and their advisors will be most focused to drive an efficient, seamless process from start-to-finish.
Freshfields is particularly strong on cross-border SPAC matters, and has deep familiarity with the specific securities and tax issues they raise. With 2,800 lawyers in 28 offices around the world, we are uniquely poised to assist on these matters.
Advising Cazoo on its pending $7bn business combination with US SPAC AJAX I, including a concurrent $800m PIPE
Advising a major shareholder in ReNew Power’s $8bn business combination with SPAC RMG Acquisition Corporation II
Advising Li-Cycle on its $1.67bn business combination with SPAC Peridot Acquisition Corp.
Advising Volkswagen as the largest stockholder of QuantumScape Corporation on QuantumScape’s Nasdaq listing and $3.3bn business combination with SPAC Kensington Capital
Advising CarLotz on its Nasdaq listing and $827m merger with SPAC Acamar Partners Acquisition Corp.
Advising International General Insurance on its Nasdaq listing and merger with SPAC Tiberius Acquisition Corp.
Advising Clever Leaves on its Nasdaq listing and business combination with SPAC Schultze Special Purpose Acquisition Corp.
Advising National Petroleum Services on its acquisition by SPAC National Energy Services Reunited.
Advising Underwriters in the IPOs of Gores Holding II, Sports Entertainment Acquisition Corp, Matlin Partners Acquisition Corp, Silver Run Acquisition Corp, Nebula Acquisition Corp, Legacy Acquisition Corp and Saban Capital Acquisition Corp.
Meet the team
Sarah K. Solum Head of US Capital Markets and Managing Partner of Silicon Valley Office