Grindr’s Merger with Tiga Acquisition Corp.

Cooley advised Grindr on the deal while Milbank LLP represented Tiga Acquisition Corp.

Grindr, the #1 social network for the LGBTQ+ community, announced its definitive agreement to merge with special purpose acquisition company (SPAC) Tiga Acquisition Corp. – a combination that will result in Grindr becoming a publicly listed company.

The combined company, which will be named Grindr Inc., is expected to have a post-transaction enterprise value of $2.1 billion. Cash proceeds raised will consist of TAC’s approximately $284 million of cash in trust and up to $100 million in additional cash equity from a forward purchase agreement. The business combination is expected to be completed in the second half of 2022. 

With roughly 12 million monthly active users in virtually every country in the world, Grindr has grown to become a fundamental part of the LGBTQ+ community since its launch in 2009. The company continues to expand its ecosystem to enable gay, bi, trans and queer people to connect, express themselves, and discover the world around them. In 2012, the West Hollywood, California-based company launched Grindr 4 Equality, with a mission to promote safety, health and human rights for LGBTQ+ people around the world through collaborations with advocacy groups in various countries. The Grindr app is available via the Apple App Store and the Google Play Store. 

The Cooley team included: Dave Peinsipp (Picture), Jamie Leigh, Kristin VanderPas, Garth Osterman, Will Cai, Jeffrey Tolin, Aaron Pomeroy, Travis Leblanc, Ali Murata, Ross Eberly, Lei Shen, Howard Morse, Charles D. Haley, Patrick Van Eecke, Len Jacoby, Guadalupe Sampedro, Chris Kimball, John Clark, Patrick Flanagan, Mike Tollini, David Wittenstein, Stella Sarma, Bridget Reineking, Sharon Connaughton, Miriam Petrillo, Karen Tsai, Dillon Martinson, J.G. Harrington, Rebecca Ross, Annie Froehlich, Sangitha Palaniappa, Kyle Huh, Madison Meng, Dannielle Antone, Mike Lam, Meera Patel, Kelsie Leigh Harris, Cam Williamson, Gabrielle Whitehall, Edward Wang, Enrique Gallego Capdevila, Patrick Sharma, Ben Clark, Anisha Mohin, Charlie Wood, Eileen Leman, Ajay Athavale, Sarah Oliai, Kris Kleiner, Anne-Gabrielle Haie, Grady Chang, Sam Meiklejohn, Bartholomäus Regenhardt and Patricia A. Myers.

The Milbank deal team was led by David Zemans, Managing Partner of the firm’s Singapore office and Asia Practice; Terrence O’Donnell, special counsel and member of the Global Capital Markets Group in Singapore; Rod Miller, partner in the Capital Markets Group in New York; and Neil Whoriskey, partner in the Global Corporate Group in New York.

Involved fees earner: Dannielle Antone – Cooley LLP; Ajay Athavale – Cooley LLP; Will Cai – Cooley LLP; Grady Chang – Cooley LLP; John Clark – Cooley LLP; Benjamin Clark – Cooley LLP; Sharon Connaughton – Cooley LLP; Ross Eberly – Cooley LLP; Patrick Flanagan – Cooley LLP; Annie Froehlich – Cooley LLP; Enrique Gallego Capdevila – Cooley LLP; Anne-Gabrielle Haie – Cooley LLP; Charles Haley – Cooley LLP; J.G. Harrington – Cooley LLP; Kyle Huh – Cooley LLP; Len Jacoby – Cooley LLP; Christopher Kimball – Cooley LLP; Kristopher Kleiner – Cooley LLP; Mike Lam – Cooley LLP; Jamie Leigh – Cooley LLP; Kelsie Leigh Harris – Cooley LLP; Eileen Leman – Cooley LLP; Dillon Martinson – Cooley LLP; Sam Meiklejohn – Cooley LLP; Madison Meng – Cooley LLP; Anisha Mohin – Cooley LLP; Howard Morse – Cooley LLP; Alessandra Murata – Cooley LLP; Patricia Myers – Cooley LLP; Sarah Oliai – Cooley LLP; Garth Osterman – Cooley LLP; Sangitha Palaniappa – Cooley LLP; Meera Patel – Cooley LLP; David Peinsipp – Cooley LLP; Miriam Petrillo – Cooley LLP; Aaron Pomeroy – Cooley LLP; Bartholomäus Regenhardt – Cooley LLP; Bridget Reineking – Cooley LLP; Rebecca Ross – Cooley LLP; Guadalupe Sampedro – Cooley LLP; Stella Sarma – Cooley LLP; Patrick Sharma – Cooley LLP; Lei Shen – Cooley LLP; Jeffrey Tolin – Cooley LLP; Karen Tsai – Cooley LLP; Patrick Van Eecke – Cooley LLP; Kristin VanderPas – Cooley LLP; Edward Wang – Cooley LLP; Gabrielle Whitehall – Cooley LLP; Cam Williamson – Cooley LLP; David Wittenstein – Cooley LLP; Charlie Wood – Cooley LLP; Rod Miller – Milbank LLP; Terrence O’Donnell – Milbank LLP; Neil Whoriskey – Milbank LLP; David Zemans – Milbank LLP;

Law Firms: Cooley LLP; Milbank LLP;

Clients: Grindr LLC; Tiga Acquisition Corp.;

Martina Bellini

Author: Martina Bellini