Levere Holdings’ $250 Million Initial Public Offering

In UK Davis Polk & Wardwell, advised on the matter.

Davis Polk & Wardwell advised Citigroup Global Markets Ltd, Deutsche Bank Securities with a team including Leo Borchardt (Picture – Equity Capital Markets), Derek Dostal (Equity Capital Markets).

Levere Holdings Corp. executed its initial public offering of 25,000,000 units, for aggregate proceeds of $250 million. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant to purchase one Class A ordinary share of Levere Holdings Corp. The units are now trading on the Nasdaq Capital Market under the symbol “LVRA.”

Levere Holdings Corp. is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company intends to concentrate its efforts on companies who play a key role for the future of mobility, focusing on the development of autonomous driving, connected vehicles, mobility services and electric vehicles.

The Davis Polk corporate team advising Citigroup Global Markets Inc. and Deutsche Bank Securities Inc., as underwriters, included partners Leo Borchardt (Picture) and Derek Dostal and associate Serdar Inci. The tax team included counsel Alon Gurfinkel and associate Summer Xia. Counsel Marcie A. Goldstein provided FINRA advice. 

Involved fees earner: Leo Borchardt – Davis Polk & Wardwell; Derek Dostal – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Serdar Inci – Davis Polk & Wardwell; Summer Xia – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Citigroup Global Markets Ltd; Deutsche Bank Securities;

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Author: Giulia Di Palma

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