Hambro Perks Acquisition Company Limited’s Initial Public Offering

In UK Clifford Chance, White & Case, advised on the matter.

Carey Olsen advised Hambro Perks Acquisition Company Limited with a team including

Clifford Chance advised Citigroup Global Markets Ltd with a team including Chris Roe (Picture – Equity Capital Markets).

White & Case advised Hambro Perks Acquisition Company Limited with a team including Laura Sizemore (Equity Capital Markets), Allan Taylor (Equity Capital Markets).

The transaction involved the proposed IPO and London standard listing of Hambro Perks Acquisition Company Limited, a special purpose acquisition company.

The SPAC has raised £150 million through its initial public offering, which was oversubscribed. 

The Company is the first SPAC to be launched on the London Stock Exchange with a structure reflecting the FCA’s new SPAC rules which came into force on 10 August 2021, which were introduced following recommendations from Lord Hill’s UK Listings Review. Unconditional trading is expected to commence on 30 November 2021.

The Company is sponsored by Hambro Perks Limited, an international investment firm focused on technology investing, and intends to focus on the technology-enabled sector and businesses with principal operations in the United Kingdom, a member state of the EEA or Switzerland, seeking to leverage its experience and outsourcing capabilities as well as the advice and expertise of its board to create value for its shareholders.

Founded in 2013, Hambro Perks specialises in providing capital and hands-on support to innovative and fast-growing technology-enabled companies. Its current portfolio of investments stands at more than 100 companies, including the likes of Gelesis, Muzmatch, What3Words, PrimaryBid, Moneybox, and Vedanta Bioscience.

The Clifford Chance team was led by Capital Markets partner Chris Roe (Picture – ECM) and US Securities partner Alex Bafi, alongside Capital Markets senior associate James Koessler (ECM) and US Securities counsel Anja Pfleger Andrade. The team also included associate Luke Ng and trainee solicitor Alice Keunen.

The Carey Olsen team comprised partner Tony Lane and senior associate John Scanlan.

The White & Case team in London was led by partner Allan Taylor, with support from partner Laura Sizemore and associates Edwina Daws, Bob Lehner, Claire Sackman, Andy Scott and Sonica Tolani.

 

 

Involved fees earner: Tony Lane – Carey Olsen; John Scanlan – Carey Olsen; Alex Bafi – Clifford Chance; James Koessler – Clifford Chance; Luke Ng – Clifford Chance; Anja Pfleger Andrade – Clifford Chance; Chris Roe – Clifford Chance; Edwina Daws – White & Case; Bob Lehner – White & Case; Claire Sackman – White & Case; Andrew Scott – White & Case; Laura Sizemore – White & Case; Allan Taylor – White & Case; Sonica Tolan – White & Case;

Law Firms: Carey Olsen; Clifford Chance; White & Case;

Clients: Citigroup Global Markets Ltd; Hambro Perks Acquisition Company Limited;

Author: Giulia Di Palma