GP Bullhound’s €200 Million Private Placement

Arendt & Medernach advised GP Bullhound, while White & Case advised the Joint Global Coordinators and Joint Bookrunners on the IPO.

GP Bullhound Acquisition I SE, a Luxembourg incorporated special purpose acquisition company (SPAC), has successfully raised EUR 200 million in a private placement of 20 million units, each consisting of one share with the right to receive one-half of a warrant at the end of the stabilization period, at a placement price of EUR 10.00 per unit. The Company will have 15 months (subject to two 3 month extensions if approved by a shareholder vote) from the date of the admission to trading to consummate a Business Combination.

The Company has been established for the purpose of acquiring a company in the technology sector with a focus on the software, digital media, digital commerce, fintech and digital services sub-sectors and an equity value between EUR 0.8 and EUR 2 billion with principal operations in an EEA Member State or the U.K., Switzerland or Israel.

In connection with the Listing, Deutsche Bank AG and Citigroup Global Markets Limited are acting as Joint Global Coordinators and Joint Bookrunners.

GP Bullhound Acquisition I SE has been advised on all Luxembourg legal (including corporate and capital markets aspects) as well as tax matters by a team from the international law firm Arendt & Medernach.

The Arendt team included Alexander Olliges  (Partner), Sudaraka Kaluwadevage (Associate), Dino Serafini (Associate), Julia Szafranska (Senior Associate), François Warken (Partner), Milos Vulevic (Senior Associate), Jan Neugebauer (Partner), Dr. Philipp Jost (Counsel), Thibaut de La Chapelle (Senior Associate).

The White & Case team which advised on the transaction was co-led by partners Daniel Turgel, Monica Holden and Dominic Ross (all London), and included counsel Willem van de Wiele (Brussels) and associates Andrew Scott, Sonica Tolani (both London) and Jaime Lee (New York).

Involved fees earner: Philipp Jost – Arendt & Medernach; Jan Neugebauer – Arendt & Medernach; Alexander Olliges – Arendt & Medernach; Dino Serafini – Arendt & Medernach; Julia Szafranska – Arendt & Medernach; Milos Vulevic – Arendt & Medernach; François Warken – Arendt & Medernach; Monica Holden – White & Case; Dominic Ross – White & Case; Andrew Scott – White & Case; Sonica Tolani – White & Case; Daniel Turgel – White & Case; Willem Van de Wiele – White & Case;

Law Firms: Arendt & Medernach; White & Case;

Clients: Citigroup Global Markets Ltd; Deutsche Bank AG; GP Bullhound;

Naoual Sadouqi

Author: Naoual Sadouqi