Inspirato’s Merger with Thayer Ventures Acquisition Corp.

Wilson Sonsini Goodrich & Rosati advised Inspirato on the deal.
Simpson Thacher advised UBS Securities LLC, Evercore Group L.L.C., and Stifel, Nicolaus & Company on the deal.
Cooley advised Thayer Ventures Acquisition Corp.

Inspirato LLC (Inspirato), the innovative luxury travel subscription brand, and Thayer Ventures Acquisition Corp., a publicly traded special purpose acquisition company (TVAC), announced that they have entered into a definitive merger agreement that will result in Inspirato becoming a publicly listed company. Upon closing, the combined company will operate as Inspirato, and its Class A common stock is expected to be listed on Nasdaq under the ticker symbol “ISPO.”

The transaction values the pro forma company at an estimated enterprise value of $1.1 billion and is expected to provide up to $260 million in net cash proceeds, assuming no redemptions, including a committed PIPE totaling approximately $100 million. 

Founded in 2011, Inspirato provides luxury travel experiences through its proprietary next-generation travel subscription platform, which is designed to capture a growing share of the $135 billion luxury travel market. 

The Wilson Sonsini team representing Inspirato in the transaction included: Tony Jeffries (Picture), David Sharon, Cody Gaynor, Tiffany Pan, Courtney Matteson, Jason Xu, Adam Bloom, Ethan Lutske, Ross Tanaka, Orlando Hodges, Cody Conwell, Dave Thomas, Michael Klippert, Jonathan Zhu, Derek Wallace, Sunny Dhaliwal, Scott McKinney, Christopher Paniewski, Mark Bonin, Whitman Shaw, Sunga Mkwezalamba, Abigail Givol, Stephanie Stark, Rebecca Stuart, Andrew Velazquez, Matt Staples, Daniel Chen, Michael O’Brien, James McCann, Jeremiah Nelson, David Perry and Martin Sul.

The Simpson Thacher team included Risë Norman, Mark Brod and Saqeef Ahmad.

The Cooley team included: Daniel Peale, John McKenna, Milson Yu, Michelle Peleg, Shawn Fateh, Jonathan Camello, Brian Kloeblen, Angel Nwachukwu, Eileen Marshall, Todd Gluth, Tanisha James, TJ Graham, Dave Walsh, John Paul Oleksiuk, Sarah Lightdale, Scott Dailard, Jack Lavoie, Gerard O’Shea, Darren DeStefano, Chris Kimball, Mark Windfeld-Hansen, Francis R. Wheeler, William S. Galliani, Brett White, Peter Crain, Dillon Martinson, Stella Sarma, Karen Tsai, ,Susan Stevens Mullen, Carly Bernstein, Tim Shapiro, Clara Somee Choi, Chris Chynoweth, Mary Maher Lewis, Tommi McCarthy, Gabrielle Whitehall, Jane Jeong, Kris Kleiner, Asasia Pierce, Frank Bozzi, Eddie Sniezek, Nicholas Brock, Rubin Waranch, Sam Meiklejohn, Andrew Epstein, Alla Kagan, Drue Anne Koons, Patricia A. Myers and Jon Turk.

Involved fees earner: Carly Bernstein – Cooley LLP; Frank Bozzi – Cooley LLP; Nicholas Brock – Cooley LLP; Jonathan Camello – Cooley LLP; Chris Chynoweth – Cooley LLP; Peter Crain – Cooley LLP; Scott Dailard – Cooley LLP; Darren DeStefano – Cooley LLP; Andrew Epstein – Cooley LLP; Shawn Fateh – Cooley LLP; Todd Gluth – Cooley LLP; TJ Graham – Cooley LLP; Tanisha James – Cooley LLP; Jane Jeong – Cooley LLP; Christopher Kimball – Cooley LLP; Kristopher Kleiner – Cooley LLP; Brian Kloeblen – Cooley LLP; John Lavoie – Cooley LLP; Sarah Lightdale – Cooley LLP; Mary Maher Lewis – Cooley LLP; Eileen Marshall – Cooley LLP; Dillon Martinson – Cooley LLP; Tommi McCarthy – Cooley LLP; John McKenna – Cooley LLP; Sam Meiklejohn – Cooley LLP; Angel Nwachukwu – Cooley LLP; Gerard O’Shea – Cooley LLP; John Paul Oleksiuk – Cooley LLP; Daniel Peale – Cooley LLP; Michelle Peleg – Cooley LLP; Asasia Pierce – Cooley LLP; Stella Sarma – Cooley LLP; Timothy Shapiro – Cooley LLP; Edward Sniezek – Cooley LLP; Clara Somee Choi – Cooley LLP; Susan Stevens Mullen – Cooley LLP; Karen Tsai – Cooley LLP; David Walsh – Cooley LLP; Rubin Waranch – Cooley LLP; Francis Wheeler – Cooley LLP; Brett White – Cooley LLP; Gabrielle Whitehall – Cooley LLP; Mark Windfeld-Hansen – Cooley LLP; Milson Yu – Cooley LLP; Saqeef Ahmad – Simpson Thacher & Bartlett; Mark Brod – Simpson Thacher & Bartlett; Risë Norman – Simpson Thacher & Bartlett; Adam Bloom – Wilson Sonsini Goodrich & Rosati; Daniel Chen – Wilson Sonsini Goodrich & Rosati; Sunny Dhaliwal – Wilson Sonsini Goodrich & Rosati; Cody Gaynor – Wilson Sonsini Goodrich & Rosati; Abigail Givol – Wilson Sonsini Goodrich & Rosati; Tony Jeffries – Wilson Sonsini Goodrich & Rosati; Michael Klippert – Wilson Sonsini Goodrich & Rosati; Ethan Lutske – Wilson Sonsini Goodrich & Rosati; Courtney Matteson – Wilson Sonsini Goodrich & Rosati; James McCann – Wilson Sonsini Goodrich & Rosati; Scott McKinney – Wilson Sonsini Goodrich & Rosati; Jeremiah Nelson – Wilson Sonsini Goodrich & Rosati; Michael O’Brien – Wilson Sonsini Goodrich & Rosati; Christopher Paniewski – Wilson Sonsini Goodrich & Rosati; David Perry – Wilson Sonsini Goodrich & Rosati; David Sharon – Wilson Sonsini Goodrich & Rosati; Matt Staples – Wilson Sonsini Goodrich & Rosati; Rebecca Stuart – Wilson Sonsini Goodrich & Rosati; Martin Sul – Wilson Sonsini Goodrich & Rosati; Ross Tanaka – Wilson Sonsini Goodrich & Rosati; David Thomas – Wilson Sonsini Goodrich & Rosati; Andrew Velazquez – Wilson Sonsini Goodrich & Rosati; Derek Wallace – Wilson Sonsini Goodrich & Rosati; Jason Xu – Wilson Sonsini Goodrich & Rosati; Jonathan Zhu – Wilson Sonsini Goodrich & Rosati;

Law Firms: Cooley LLP; Simpson Thacher & Bartlett; Wilson Sonsini Goodrich & Rosati;

Clients: Evercore Partners Ltd; Inspirato; Stifel, Nicolaus & Company, Incorporated; Thayer Ventures Acquisition Corp.; UBS Securities LLC;

Martina Bellini

Author: Martina Bellini