Banyan Acquisition Corp.’s $241.5 Million IPO

Katten Muchin Rosenman advised Banyan Acquisition Corp. on the deal.

Banyan Acquisition Corp. (Banyan), a special purpose acquisition company, announced its upsized initial public offering, which closed on January 24 and debuted on the New York Stock Exchange. The underwriters, let by BTIG, LLC, exercised their option to purchase additional units in full, resulting in total gross offering proceeds of $241.5 million.

Banyan aims to combine with a food service industry business, such as a commercial food manufacturer, food service equipment and supply manufacturer or an emerging restaurant concept, as reported by Law30.

The Katten team included Capital Markets partners Mark Wood (Picture) and Timothy Kirby and Corporate partner Evan Borenstein. Additional team members included associates Jennifer Howard and Aaron Feld. Tax advice was provided by Transactional Tax Planning partners Sarah Ma and Todd Hatcher.

 

Involved fees earner: Evan Borenstein – Katten Muchin Rosenman LLP; Aaron Feld – Katten Muchin Rosenman LLP; Todd Hatcher – Katten Muchin Rosenman LLP; Jennifer Howard – Katten Muchin Rosenman LLP; Timothy Kirby – Katten Muchin Rosenman LLP; Sarah Ma – Katten Muchin Rosenman LLP; Mark Wood – Katten Muchin Rosenman LLP;

Law Firms: Katten Muchin Rosenman LLP;

Clients: Banyan Acquisition Corp.;

Martina Bellini

Author: Martina Bellini