Firms To Watch: Capital markets: equity offerings

Proskauer Rose LLP has earned itself recognition for its work in REIT and SPAC offerings, among other areas. Chicago partner Michael Choate , in particular, is immensely experienced in REIT transactions.

Capital markets: equity offerings in United States

Baker Botts L.L.P.

Baker Botts L.L.P. has a thriving equity offerings practice, driven in large part by its exceptional energy client base. The firm has also impressed with its connections to investment banks and its expertise in MLPs and other structured equity products. Joshua Davidson  is a big name in the Houston market, frequently representing energy companies and underwriters in headline equity offerings; he is also noted in particular for his expertise in MLPs. Washington DC’s Catherine Gallagher is also rated for energy deals. Mollie Duckworth  has joined Latham & Watkins LLP.

Practice head(s):

Mike Bengtson; Joshua Davidson

Other key lawyers:

Catherine Gallagher; Travis Wofford; Natasha Khan

Testimonials

‘Josh Davidson is a very capable lawyer. His excellent reputation is well deserved. He is responsive and commercial-minded. Wants to get a deal done and won’t let silly things get in the way.’

‘Great experience and in depth knowledge.’

‘Josh Davidson (senior partner; great securities resource). Travis Wofford (primary capital markets partner; great experience and knowledge of our business).’

‘Their team understands our business and the solar industry better than anybody else. Their industry expertise allows them to come up with creative legal solutions to meet complicated business goals. They were able to provide actionable advice on how to structure the acquisition and the strategic partnership so we were protected but could still get the deal through.’

‘Baker Botts previously did our IPO in 2019 as well as follow on equity offerings, multiple convertible notes offerings and multiple tax equity partnerships. They are very thoughtful and commercial, and really understood how to tailor the deal to our specific business goals as opposed to taking a cookie cutter approach.’

‘Baker Botts provides advisory work on SEC reporting, public disclosure and compliance, as well as corporate governance. We went through our first SEC comment letter process this year, and the Baker Botts team were true pros. They were the steady hand communicating with the SEC, and really knew their stuff in what the staff cared about and the best way to respond.’

‘On the capital markets side, we work primarily with Travis Wofford and Natasha Khan. Travis is a big picture thinker and considers the legal issue in front of us as a whole, not just in terms of one specialty. The types of issues we face require a command of the industry, the market, and of course the legal and accounting issues. Thinking about those matters across practice areas and the various disciplines plays to his core strength. He is a high energy, insatiably curious, and thoughtful partner to us. Natasha is thoughtful, creative in her approach, and hard charging. She is both book smart and street savvy and has become a great contributor. Josh Davidson has been very involved in our equity work and with our SEC communications and has brought considerable experience and a senior voice to which our CEO will respond.’

 

Key clients

Barclays Capital Inc.

BofA Securities, Inc.

Cactus, Inc.

CenterPoint Energy, Inc.

Citigroup Global Markets, Inc.

Clarkson Platou Securities, Inc.

Clearway Energy Operating LLC

Credit Suisse Securities (USA) LLC

EnLink Midstream, LLC

Golar LNG Partners L.P.

Halliburton Company

Helix Energy Solutions Group, Inc.

Hoegh LNG Partners LP

Kimbell Royalty Partners LP

Liberty Broadband Corporation

Liberty Latin America Ltd.

Liberty TripAdvisor Holdings, Inc.

Morgan Stanley & Co. LLC

NRG Energy, Inc.

Quanta Services, Inc.

QVC, Inc.

RBC Capital Markets, LLC

Stifel, Nicolaus & Company, Inc.

Summit Midstream Partners, LP

Sunnova Energy Corporation

Tallgrass Energy, LLP

Valero Energy Corporation

Wells Fargo Securities, LLC

Westlake Chemical Corporation

Work highlights

  • Advised Morgan Stanley on Liberty Oilfield Services’s secondary public offering.
  • Advised Stifel, Nicolaus & Company on Global Partners public offering of Series B fixed rate cumulative redeemable perpetual preferred units.
  • Advised Wells Fargo Securities on Highwoods Properties’ at-the-market (ATM) equity offering program.

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP‘s dominance of the high-yield debt market and its peerless connections to underwriters, provides it with a platform for a thriving equity offerings practice. The firm has an especially strong record in sponsor-backed IPOs. The firm frequently acts as designated underwriters’ counsel on a wide range of capital markets products, with versatile partners that operate in the loans and equity and debt offerings spaces. The team recently represented the underwriters in the $879m public offering of common stock by Match Group, in a deal classed as a ‘synthetic exchange’. William Miller  is a key partner and Douglas Horowitz has left the firm.

Other key lawyers:

William Miller; Corey Wright; Marc Lashbrook

Key clients

Citigroup Global Markets Inc. / Citigroup Global Markets Limited

Credit Suisse Securities (USA) LLC

Deutsche Bank Securities Inc. / Deutsche Bank AG, London Branch

Morgan Stanley & Co. LLC

Mizuho Securities USA LLC

J.P. Morgan Securities LLC / J.P. Morgan Securities plc

Wells Fargo Securities, LLC

BNP Paribas Securities Corp.

SMBC Nikko Securities America, Inc.

Citigroup Global Markets Inc. / Citigroup Global Markets Limited

Credit Suisse Securities (USA) LLC

Deutsche Bank Securities Inc. / Deutsche Bank AG, London Branch

Morgan Stanley & Co. LLC

Mizuho Securities USA LLC

J.P. Morgan Securities LLC / J.P. Morgan Securities plc

Wells Fargo Securities, LLC

BNP Paribas Securities Corp.

SMBC Nikko Securities America, Inc.

Work highlights

  • Represented the underwriters in equity offerings totalling some $2.6bn for OneMain Holdings, Inc.
  • Represented the underwriters in equity offerings totalling approximately $1.9bn for Ortho Clinical Diagnostics Holdings plc.
  • Represented the underwriters in a $879m public offering of common stock by Match Group, Inc.

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton has a steady pipeline of equity offering engagements, notably making an impression in de-SPAC transactions and carve-out deals. The firm has worked on a series of carve-out deals in the technology sector and is also frequently appointed on high-value IPOs by blue-chip technology issuers; it advised GlobalFoundries, the semiconductor manufacturer, on its $2.59bn IPO. In addition, the firm frequently advises private equity sponsors and their portfolio companies on equity offerings. Jeffrey Karpf has an outstanding record in big-ticket and headline equity offerings. David Lopez is another senior capital markets specialist and Francesca Odell is rated for both domestic and international equity offerings, especially those originating from Latin America.

Other key lawyers:

Jeffrey Karpf; David Lopez; Adam Fleisher; Francesca Odell

Key clients

Sotera Health

Sabre

Artius Acquisition II

Angel Pond Holdings

American Tower

Tronox

Broofield/GrafTech

Cushman & Wakefield

The Resource Group International

Sixth Street Specialty Lending

BNDES

Patria

Warbug Pincus

Citigroup

JP Morgan

Morgan Stanley

BNY Mellon (Designated Underwriters Counsel)

Edison International (Designated Underwriters’ Counsel)

Jeld Wen

Volaris

Work highlights

  • Represented GlobalFoundries in its $2.59bn IPO.
  • Represented Sotera Health Company and one of its principal shareholders, Warburg Pincus, in its $1.1bn IPO and its $675m secondary public offering.
  • Represented American Tower in multiple SEC-registered common stock offerings with an aggregate value of $3.2bn.

Clifford Chance

Clifford Chance continues to be recognised for its prominence in REIT and Latin America offerings. Its global standing makes it especially well-equipped to handle US offerings by overseas issuers. It is also prominent in closed-end fund offerings in the US market; it advised BofA Securities as lead underwriter, on the IPO of BlackRock Capital Allocation Trust, a registered closed-end fund. Andrew Epstein and Kathleen Werner  are leading figures in REIT offerings, including equity REITs and mortgage REITs, along with SPAC IPOs. Jonathan Zonis  is co-head of Americas capital markets and is noted for Latin America offerings and issuances from other parts of the globe, while Hugo Triaca  is another key name for Latin America offerings. Clifford Cone  is closely associated with fund offerings. All named individuals are based in New York.

Practice head(s):

Jonathan Zonis; Kathleen Werner

Other key lawyers:

Andrew Epstein; Hugo Triaca; Clifford Cone

Key clients

Global Self Storage

Ready Capital Corporation

National Storage Affiliates

Watermark Lodging Trust

Goldman Sachs International

iStar, Inc.

Safety, Income & Growth

Cantor Fitzgerald

Wells Fargo Securities

HSBC Securities (USA) Inc.

Work highlights

  • Represented BofA Securities, Inc., as lead underwriter, on the initial public offering of BlackRock Capital Allocation Trust, a registered closed-end fund listed on the NYSE, in a deal which raised more than $2.25bn in net proceeds to the Trust.
  • Advised HH&L Acquisition Co., a special purpose acquisition company, on its formation, $414m IPO and listing on the New York Stock Exchange.
  • Acted as the underwriters, led by Wells Fargo Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC and UBS Securities LLC, on wholesale mortgage lender Angel Oak Mortgage, Inc.’s (Angel Oak) IPO and NYSE listing, raising gross proceeds of approximately $136.8m.

Cooley LLP

Cooley LLP maintained high levels of activity in 2021, with further impressive deal flow in tech, healthcare and life sciences. It continued to work on some of the highest value deals in the market. Although better known for issuer-side engagements, it is building its reputation for representing underwriters; bank clients include Credit Suisse Securities, Goldman Sachs and JP Morgan Securities. The firm has also become more recognised for US offerings by foreign issuers; it advised Coupang, the South Korean e-commerce giant, on its headline $4.55bn NYSE IPO, the largest Wall Street debut by a foreign issuer in seven years. Moreover, the firm has achieved further prominence in de-SPAC mergers. The team is spread across it multiple US offices with co-chairs Charlie Kim  and David Peinsipp  based in San Diego and San Francisco respectively. Palo Alto’s Eric Jensen , who led the Coupang deal, and New York partner Eric Blanchard are also prominent figures. Boston partner Richard Segal is an emerging talent, and in March 2022 the firm gained equity and debt transactions expert John-Paul Motley from O’Melveny & Myers.

Practice head(s):

Charlie Kim; David Peinsipp

Other key lawyers:

Eric Jensen; Jon Avina; Eric Blanchard; Div Gupta; Nicole Brookshire; Richard Segal; Yoon-jee Kim

Testimonials

‘The Cooley practice is unique in the level of experience, both in terms of number of deals and the longevity of its partners. The strong leadership from the partners’ group during a time of unparalleled activity differentiates Cooley.’

‘I have worked closely on multiple IPOs during the Covid-19 pandemic. Completing IPOs virtually over the last 2 years has presented many new challenges. The Cooley team has manoeuvred them exceptionally well, providing critical advice 24/7 as volumes increased dramatically. Despite the increase in volume and around the clock execution, the team’s commitment and judgment did not waver. I very much appreciate working with them as issuers counsel and IPOs and they are my go-to partners.

‘Exceptional team. Extremely knowledgeable in capital markets. Highly efficient and great to work with.’

‘Our engagement team led by Nicole Brookshire and Yoon-jee Kim were outstanding.’

 

Key clients

Allbirds

Confluent

Coupang

Cowen and Company LLC

Credit Suisse Securities (USA) LLC

C3.ai

Dutch Bros. Coffee

Freshworks

Goldman Sachs & Co. LLC

J.P. Morgan Securities LLC

LegalZoom

Lyell Immunopharma

Morgan Stanley & Co. LLC

Olo

The Honest Company

Twilio

Uber

UiPath

Vor Biopharma

Xometry

Work highlights

  • Advised the underwriters on the $1.1bn Nasdaq IPO of ContextLogic Inc, the operator of e-commerce platform Wish.
  • Advised South Korean e-commerce giant Coupang on its $4.55bn NYSE IPO.
  • Advised UiPath on its $1.54bn NYSE IPO.

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP‘s multi-talented capital markets team typically lands a sizeable market share of headline and high-value IPOs and other equity offerings. Despite the team’s relatively small size compared to major competitors, it has an outstanding record in both issuer and underwriter engagements; it advised Robinhood Markets on its $1.9bn IPO. The group operates across multiple sectors and has also landed a number of SPAC IPO mandates. William Fogg and Andrew Pitts are especially prolific advisers on equity offerings, along with Scott Bennett and Nicholas Dorsey . Johnny Skumpija  has joined Sidley Austin LLP.

Practice head(s):

Stephen Burns; William Fogg; Craig Arcella; Andrew Pitts

Other key lawyers:

Scott Bennett; Nicholas Dorsey

Key clients

Convey Health

Crown Castle

CyrusOne

Ferroglobe

IsoPlexis

Lazard

MediaAlpha

New Fortress Energy

PG&E

Robinhood

Work highlights

  • Represented Robinhood Markets in its $1.9bn IPO.
  • Represented the underwriters in the $858m registered IPO of On Holding.
  • Represented the underwriters in three equity offerings of JPMorgan totalling $5.35bn.

Davis Polk & Wardwell LLP

Davis Polk & Wardwell LLP is a dominant force in US equity offerings for both domestic and international issuers, including transactions originating from Latin America, Canada, Europe and Israel. It is especially highly-rated for underwriter engagements, though has substantial presence for issuer mandates. The firm has continued to represent the underwriters in a range of high-value technology sector IPOs and equity offerings. In this regard, it frequently advises in deals valued in excess of $1bn. Healthcare and life sciences deals have also been prominent for the firm. The New York team has been further buoyed by an uptick in deals in Brazil, where it frequently works alongside colleagues in Sao Paulo. Michael Kaplan is a giant in capital markets, with an almost unrivalled record in big-ticket equity offerings. Richard Truesdell is another big name, while Byron Rooney has made a big impression in recent years. Alan Denenberg is a key figure in Silicon Valley. Shane Tintle, Derek Dostal, Deanna Kirkpatrick and Marcel Fausten are also important team members. All named individuals are based in New York unless stated otherwise.

Other key lawyers:

Michael Kaplan; Richard Truesdell; Alan Denenberg; Derek Dostal; Byron Rooney; Shane Tintle; Deanna Kirkpatrick; Maurice Blanco

Work highlights

    Debevoise & Plimpton LLP

    Debevoise & Plimpton LLP continues to standout for its work in financial services, healthcare, media and entertainment, along with its frequent capital markets advice to private equity funds and their portfolio companies. The firm has also worked on a series of recent deals in the aviation sector and has landed a number of SPAC IPOs and PIPE transactions. It is best known for representing issuers. Its standing in financial services has brought it an array of landmark engagements over the years, including the recent demerger of Jackson from Prudential, establishing Jackson as an independent publicly-traded company. Matthew Kaplan  and Steven Slutzky  lead the team and Peter Loughran , the lead partner on the Jackson/Prudential demerger, is another prominent name. Paul Rodel  is another key team member. Nicholas Pellicani was promoted to partner in May 2021.

    Practice head(s):

    Matthew Kaplan; Steven Slutzky

    Other key lawyers:

    Peter Loughran; Paul Rodel; Morgan Hayes

    Key clients

    agilon health

    Alaska Air Group, Inc.

    Bank of America

    Brighthouse Financial, Inc.

    The Carlyle Group

    Clayton Dubilier & Rice, LLC

    Core & Main LP

    DoubleVerify

    Fifth Wall

    Global Atlantic Financial Group, Ltd.

    Gogo Inc.

    Goldman Sachs & Co

    International Paper

    JetBlue Airways

    Morgan Stanley & Co, LLC

    Principal Financial Group

    Providence Equity Partners

    Prudential plc

    Spirit Airlines

    Teachers Insurance and Annuity Association of America (TIAA)

    Warner Music Group Corp.

    Westpac Banking Corp

    Work highlights

    • Advised agilon health on its $1.23bn IPO, which included the full exercise of the underwriters’ option to purchase additional shares.
    • Advised DoubleVerify and its primary stockholder, Providence Equity Partners, on DoubleVerify’s $414m IPO.
    • Advised Jackson and Prudential on the separation of Jackson through a demerger, establishing Jackson as an independent publicly-traded company.

    Dechert LLP

    Dechert LLP has maintained a strong presence in headline IPOs and other key engagements such as jurisdictional migrations; it represented Tiziana Life Sciences in its movement from listings on both the London Stock Exchange and NASDAQ, to a sole listing on NASDAQ. The life sciences, private credit and business development company sectors are particular key areas for the team. Thomas Friedmann, Boston managing partner and co-chair of the capital markets practice, is a prominent name in private credit and business development company offerings, and fellow co-chair of the team and New York partner David S Rosenthal is at the forefront of life sciences transactions.

    Practice head(s):

    Thomas Friedmann; David Rosenthal

    Other key lawyers:

    Howard Kleinman

    Key clients

    Aquestive Therapeutics

    B&G Foods

    Bain Capital Specialty Finance

    BC Partners

    BioAtla

    Blackstone

    Business Development Company of America

    Diffusion Therapeutics

    EaglePoint Credit Company

    FS Investment Corporation

    Golub Capital BDC, Inc.

    Griffon Corporation

    Hercules Capital

    Horizon Technology Finance

    Main Street Capital Corporation

    PennantPark Investment Corporation/PennantPark Floating Rate Capital

    Piper Sandler

    Raymond James

    Stifel

    TriplePoint Capital

    Via Optronics

    WhiteHorse Finance

    Work highlights

    • Advised GQG Partners on IPO on the Australian Stock Exchange.
    • Advised BioAtla, a clinical-stage biopharmaceutical company, on its IPO.
    • Represented B&G Foods in an ATM equity offering sales agreement.

    DLA Piper LLP (US)

    DLA Piper LLP (US) has a large US capital markets team spread across its multiple offices, best known for mid-cap deals. The large team has enabled it to develop an impressively wide-ranging list of engagements from issuers and underwriters. The department has landed a series of headline SPAC offering engagements, thanks to the efforts of Jeffrey Selman in San Francisco. Head of the capital markets group Christopher Paci has also played a pivotal role in developing the firm’s presence in Latin America transactions.

    Practice head(s):

    Christopher Paci

    Other key lawyers:

    Jeffrey Selman

    Key clients

    ON24, Inc.

    Cowen and Company, LLC

    J.P. Morgan Securities LLC

    GigCapital4, Inc.

    Citigroup Global Markets Inc.

    Globant S.A.

    Stifel Nicolaus

    Piper Sandler & Co.

    William Blair & Company, LLC

    Iovance Biotherapeutics

    Work highlights

    • Represented GigCapital4, a SPAC, in its upsized $360m IPO.
    • Represented Globant in its follow-on underwritten public offering of 1.38m common shares.
    •   Represented the underwriters in a $175.5m IPO by MaxCyte, a leading commercial cell engineering company.

    Fenwick & West LLP

    Fenwick & West LLP is at the forefront of IPOs and equity offerings for both technology and life sciences businesses. It has worked on a series of bulge-bracket and headline IPOs for tech companies over the years and continues to build its presence on the life sciences front. San Francisco’s Robert Freedman co-heads the capital markets team alongside Seattle partner James Evans. Other key partners include San Francisco’s Michael Brown, who advised Coinbase in its headline direct listing, and Mountain View partner Gordon Davidson, who has worked on a number of headline IPOs over the years. Seattle partners Alan Smith , Effie Toshav and Amanda Rose, along with Ran Ben-Tzur in Santa Monica, are also key team members. The firm has also made a series of senior lateral hires to its New York office, including Per Chilstrom from Clifford ChanceMichael Pilo from Ropes & Gray LLP and Aman Singh from Weil, Gotshal & Manges LLP.

    Practice head(s):

    Robert Freedman; James Evans

    Other key lawyers:

    Michael Brown; Amanda Rose; Ran Ben-Tzur; Gordon Davidson; Alan Smith; Effie Toshav; Per Chilstrom; Michael Pilo; Aman Singh

    Testimonials

    ‘The teams are well-staffed. While the initial contact is with the senior partner, the day-to-day work is with more junior team members. Across all levels the team makes itself readily available. The teams are cross-functional and do a good job of bringing in expertise from other areas of the firm on an as-needed basis. The teams do a good job with appointing a point person that can liaise between different workstreams. Availability is key and the team is very responsive.’

    ‘Responsiveness, especially from the junior members.’

     

    Key clients

    Amyris

    Bill.com

    Coinbase

    Compass

    Day One Biopharmaceuticals

    DICE Therapeutics

    Elevation Oncology

    GitLab

    Impel NeuroPharma

    KalVista Pharmaceuticals

    Morgan Stanley

    Morphic Therapeutics

    Nextdoor

    Nurix Therapeutics

    PassageBio

    Prelude Therapeutics

    Proterra

    PubMatic

    Remitly

    Sema4

    SentinelOne

    Stoke Therapeutics

    UserTesting

    VELO3D

    Veracyte

    ZipRecruiter

    Work highlights

    • Advised Coinbase in its monumental direct listing, with a $100bn company valuation at the time of opening trade, making them the first major crypto company to go public and the first technology company to go public through a direct listing on Nasdaq.
    • Advised GitLab in its $800m IPO – the highest revenue multiple achieved by a modern software company.
    • Advised Nextdoor through a $4.3bn SPAC merger with Khosla Ventures Acquisition Co II to become a public company.

    Freshfields Bruckhaus Deringer LLP

    Freshfields Bruckhaus Deringer LLP stands out for its women-led team in both New York and Silicon Valley. Thanks to the success of its Silicon Valley team led by Sarah Solum, which has a major focus on pre-IPO companies, it has achieved a series of headline engagements in the tech and life sciences fields. The capital markets team has also made a further impression in SPAC offerings and de-SPAC transactions, and has solid connections to both issuers and underwriters. Valerie Ford Jacob is hugely experienced across the capital markets sphere, most recently advising on a number of headline de-SPAC transactions. Michael Levitt is also noted for de-SPAC expertise and Pamela Marcogliese is at the forefront of taking businesses public as public benefit corporations; she and Solum advised Zymergen on its IPO as a public benefit corporation on the Nasdaq Global Select Market. Named individuals are based in New York unless stated otherwise.

    Practice head(s):

    Valerie Ford Jacob; Sarah Solum

    Other key lawyers:

    Michael Levitt; Pamela Marcogliese

    Testimonials

    ‘Excellent support for clients outside the US. Exceptional partner dedication. Valerie Jacob works brilliantly with senior lawyers, C-suite members and Board directors alike. Valerie also has the rare skill in a negotiation of knowing instinctively when to insist on a point and when to drop it.’

     

    Key clients

    Cazoo

    Universal Music Group

    JPMorgan

    Zymergen

    Bank of America

    Goldman Sachs

    Charterhouse Capital

    Li-Cycle

    CarLotz

    PepperLime Health Acquisition Corporation

    Bleuacacia Ltd.

    Work highlights

    • Advised Zymergen on its $575m IPO and listing on Nasdaq and conversion to a public benefit corporation —among the first companies to go public as a PBC.
    • Advised Cazoo on its $7bn NYSE listing through a business combination with SPAC AJAX I, including a concurrent $800m PIPE—the largest de-SPAC of a UK company.
    • Advised Universal Music Group on its spin-off from Vivendi SE and listing of 60% of its share capital on Euronext Amsterdam at a $53bn valuation and concurrent sale of 10% of Vivendi’s holding in UMG to Pershing Square.

    Fried, Frank, Harris, Shriver & Jacobson LLP

    Fried, Frank, Harris, Shriver & Jacobson LLP‘s lean but formidable practice has an outstanding record in big-ticket equity offerings, including IPOs and follow-on offerings, for major issuers and underwriters. It has strong connections to a range of corporate issuers, private equity funds and their portfolio companies and has been appointed as designated underwriters’ counsel to a range of new clients. Department head Daniel Bursky has earned accolades for his leadership on high-value IPOs and other equity offerings, and for his part in expanding the firm’s issuer and underwriter client base. Andrew Barkan and Mark Hayek are also versatile capital markets specialists with fine records in equity offerings.

    Practice head(s):

    Daniel Bursky

    Other key lawyers:

    Andrew Barkan; Mark Hayek; Joshua Coleman

    Testimonials

    ‘Fried Frank does a lot of large equity deals and they are incredibly knowledgeable about the market and what terms borrowers and lenders should be negotiating. They are also great communicators that explain complicated terms clearly and help us make the best decisions.’

    ‘The individuals we work with are incredibly responsive and easy to understand. They also make every client feel like they are the most important.’

    ‘Responsive, collaborative, knowledgeable about current trends and best practices, business-savvy, good resource to review advice from bankers.’

     

    Key clients

    Aerie Pharmaceuticals

    At Home

    Broadstone Net Lease

    Catalent

    Emerald

    Evoqua Water Technologies

    Extended Stay

    Goldman Sachs BDC

    Harsco

    Humana

    KITS Eyecare

    Lithia Motors

    LivePerson

    Merck

    The Navios Group (and related entities)

    Perrigo

    RedBall Acquisition Corp.

    Spanish Broadcasting System

    Sterling Check Co.

    Tapestry (f/k/a Coach)

    T-Mobile

    Tradeweb Markets

    Under Armour

    Work highlights

    • Advised the underwriters on Clarivate’s $1bn registered primary offering and secondary offering.
    • Advised Lithia Motors on a $1.15bn offering of Class A common stock and a concurrent $800m private placement of senior notes due 2029.
    • Advised the underwriters on PowerSchool Holdings’ $800m IPO; Powerschool is an Onex and Vista Partners portfolio company.

    Gibson, Dunn & Crutcher LLP

    Gibson, Dunn & Crutcher LLP has an exceptional corporate client base, providing it with a steady pipeline of capital markets engagements. Although more active in debt offerings, the firm maintains a notable presence in the equity field, which included acting for Petco Health and Wellness Company on its $993m IPO. New York partner Andrew Fabens and Los Angeles’ Peter Wardle are two of the co-chairs of the capital markets group and has a fine record in equity offerings. Douglas Horowitz joined the team in 2022 from Cahill Gordon & Reindel LLP.

    Practice head(s):

    Andrew Fabens; Hillary Holmes; Stewart McDowell; Peter Wardle

    Other key lawyers:

    Douglas Horowitz

    Key clients

    Amazon.com

    Berkshire Hathaway Energy

    Mondelēz International, Inc.

    Atmos Energy Corporation

    F45 Training Holdings

    Arthur J. Gallagher & Co.

    HP

    The Williams Companies / Transcontinental Gas Pipe Line Company, LLC (Transco)

    Welltower, Inc.

    Petco Health and Wellness Company, Inc.

    The Williams Companies, Inc.

    WPX Energy, Inc.

    VeriSign, Inc.

    Vail Resorts, Inc.

    D.R. Horton, Inc.

    Jabil, Inc.

    Forestar Group, Inc.

    Heska Corporation

    Zevia PBC

    ViewRay, Inc.

    Work highlights

      Goodwin

      Goodwin‘s longstanding status as one of the leading equity capital markets practices in the US has afforded it consistently active practice in IPOs, PIPEs, private placements and other equity offerings. The firm has benefitted from its commitment to buoyant sectors such as tech, life sciences, healthcare and real estate, and achieved substantial growth in 2021 by deal count. Its market-leading life sciences practice provides the basis for a steady pipeline of IPO and other equity offering engagements. The capital markets team also has a dedicated SPAC group, committed to SPAC offerings and de-SPAC transactions. Edwin O’Connor has an outstanding record in life sciences sector offerings, while Siavosh Salimi is rated for both tech and life sciences transactions. Silicon Valley partner Bradley Weber has played a pivotal role in booting the firm’s standing in the tech space, as has Boston partner Joseph Theis in tech and healthcare.

      Practice head(s):

      Edwin O’Connor; Bradley Weber; James Barri

      Other key lawyers:

      Siavosh Salimi; Joseph Theis

      Testimonials

      ‘Great overall equity capital markets platform, particularly in life sciences. Great industry knowledge. Solid across the board.’

      ‘Seo Salimi and Edwin O’Connor stand out as excellent partners in the equity capital markets space, particularly within the life sciences industry vertical. Both of them are technically excellent securities lawyers who bring a collaborative, practical and business-oriented approach to complicated transactions and problem solving.’

      ‘The team had deep capabilities and strengths in both the IPO legal process as well as understanding the unique issues that software/fintech companies face when doing an SEC registered offering.’

      ‘The dedication and hard work from our team during our IPO process was incredible. Joe Theiss, Brad Weber and Natalie Martirossian [technology partner] worked tirelessly and were always available – day, night or weekend. Their commitment was extraordinary and I have recommended them to other companies who need similar support. But beyond that, they have been truly committed to support our company after the offering was complete and clearly are ‘full service’ advisors, not just a ‘deal team’ — and that is a big differentiator from experiences I have had with other firms. I can’t say enough good things about them.’

      ‘The Goodwin team is phenomenal. They are exceptionally talented lawyers and extremely helpful across the board. We could work with any firm we want and choose them.’

      ‘Brad Weber is exceptional. We work with about 20 outside firms, and he is probably my favorite outside counsel. Highly knowledgeable and extremely cool under pressure, he solves our problems and makes our lives easier.

       

       

      Key clients

      CRISPR Therapeutics

      Relay Therapeutics

      iTeos Therapeutics

      Graphite Bio

      AbCellera

      BeiGene

      argenx

      Dynatrace

      ThredUp Inc.

      SEMRUSH

      Work highlights

      • Advised Centessa Pharmaceuticals on its $250m financing round in parallel with the simultaneous acquisition by Centessa of ten private biotech companies across four jurisdictions and subsequent $379m IPO.
      • Advised UK-based Vaccitech on its $110m US IPO and preceding $168m Series B crossover financing.
      • Advised several leading global investment banks as representatives of several underwriters on a number of offerings, including IPOs, follow-on public offerings, and private placements.

      Hogan Lovells US LLP

      Hogan Lovells US LLP has made big progress in the equity sphere since the arrival of Richard Aftanas in 2020. Aftanas has given the firm much greater credibility in New York, an office that had been comparatively underweight compared to the firm’s other US offices. Historically the capital markets team has shown particular aptitude in the real estate, life sciences, healthcare and TMT fields, and now is spreading its industry breadth along with particular growth in cross-border offerings originating from Europe, Latin America and elsewhere. The team also benefits from the firm’s outstanding regulatory expertise. Philadelphia partner Steve Abrams co-heads the life sciences and healthcare group and has a fine record in equity offerings, while Washington DC’s David Bonser leads the global REIT practice and heads numerous equity issuances in this field.

      Practice head(s):

      Richard Aftanas

      Other key lawyers:

      Steve Abrams; David Bonser; Sina Hekmat; Stephen Nicolai; William Intner

      Testimonials

      ‘I’ve been working closely with the Hogan Lovells capital markets, equity offerings team for the past three years. They have done an outstanding job. The team is expert in all matters related to the complexities of public company equity offerings, from start to finish, and do so in an efficient manner.’

      ‘We have used Hogan for both debt financings and common equity offerings and found the legal services to be top-notch and cost effective.’

      ‘Steve Abrams and Stephen Nicolai stand out for their outstanding client service, tremendous level of experience and expertise, and business-savvy legal representation.’

      ‘A very specialized firm that is easy to reach and even easier to work with.’

      ‘Responsiveness, high level of expertise in the practice area, broad range of legal expertise across multiple practice areas.’

      ‘Richard Aftanas always provides a calm, knowledgeable presence in this uncertain space.’

      ‘William Intner is an extremely capable securities lawyer. I have worked with him for 15 years. William is a great problem solver and is vey efficient. The breadth and depth of his knowledge is tremendous.’

       

      Key clients

      Arbutus Biopharma Inc.

      AxonPrime Infrastructure Acquisition Corporation

      Bemobi Mobile Tech S.A.

      BTG Pactual

      Caixa Seguridade S.A.

      Citigroup

      Credit Suisse Securities (USA) LLC

      EyePoint Pharmaceuticals, Inc.

      EF Hutton

      Gilead Sciences, Inc.

      Hut 8 Mining Corp.

      JBG SMITH Properties

      Marinus Pharmaceuticals, Inc.

      Morgan Stanley

      OptiNose, Inc

      Public Storage

      Sesen Bio, Inc.

      SkyWater Technology, Inc.

      VICI Properties Inc

      Work highlights

      • Advised SkyWater Technology on its $112m IPO.
      • Advised Hut 8, a Canadian cryptocurrency mining company, on its $82m and its $173m follow-on equity offering.
      • Advised AxonPrime, a blank check company targeting the infrastructure sector, on its $150m IPO.

      Hunton Andrews Kurth LLP

      Hunton Andrews Kurth LLP continues to primarily operate in the REITs, power, energy, retail and financial services sectors. The firm has achieved a significant market share of REIT IPOs over the last few years and the power and utilities groups are also active in equity offerings. The capital markets team has an evenly balanced emphasis on issuer and underwriter clients. New York partners Peter O’BrienChristina Kwon and Michael Fitzpatrick are key figures in power and utilities transactions and Richmond partner David Wright  is prominent in REIT offerings.

      Practice head(s):

      Courtney Cochran Butler; Susan Failla; Peter O’Brien; David Wright

      Other key lawyers:

      Christina Kwon; Michael Fitzpatrick

      Key clients

      Barclays Capital

      Banc of America Securities LLC

      Credit Suisse Securities (USA), LLC

      J.P. Morgan Securities Inc.

      Citigroup Global Markets Inc.

      Raymond James & Associates, Inc.

      MUFG Securities Americas Inc.

      Pebblebrook Hotel Trust

      BMO Capital Markets

      Cantor Fitzgerald

      Hall of Fame Resort & Entertainment Company

      Wells Fargo Securities, LLC

      B. Riley Securities, Inc.

      BTIG, LLC

      Janney Montgomery Scott LLC

      Robert W. Baird & Co.

      Truist Securities, Inc.

      Newlake Capital Partners Inc.

      Piper Sandler & Co.

      Virtu Americas LLC

      Stifel, Nicolaus & Company Incorporated

      Work highlights

      • Represented the underwriters in connection with Consolidated Edison’s $775m public offering, bought deal and shelf offering of common stock; and $552m public offering, bought deal and shelf offering of common stock.
      • Represented the Underwriters in connection with Rexford Industrial Realty’s: $750m public offering, at-the-market of common stock; and $325m public offering, bought deal of common stock.
      • Advised the sales agents in connection with American Electric Power Company’s (AEP) commencement of an at-the-market program to sell up to an aggregate offering price of $1bn billion of AEP’s common stock.

      King & Spalding LLP

      King & Spalding LLP‘s capital markets group has a particular focus on energy, financial institutions, life sciences and healthcare, industrials, real estate and telecoms. It has an impressive client base, including a range of Fortune 500 companies. The firm has landed a series of SPAC-related engagements along with equity offerings to finance acquisitions. A truly national practice, key team members are based in Atlanta, New York, Silicon Valley and Houston. Keith Townsend leads the team from Atlanta, where Spencer Johnson  has a fine record in REIT offerings. Silicon Valley partner Laura Bushnell is noted for life sciences and technology transactions, and New York’s Elizabeth Morgan is another senior practitioner. 

      Practice head(s):

      Keith Townsend

      Other key lawyers:

      Spencer Johnson; Elizabeth Morgan; Laura Bushnell

      Testimonials

      ‘The team can react nimbly, but they have the experience and the dedication to commit and perform on in-depth and longer term projects as well.’

      ‘Keith Townsend brings a diplomatic, but forthright, approach to his advice and counsel. While he’s not afraid to indicate he’d prefer to research more deeply, his experience and expertise allow him to respond confidently and quickly on most topics.’

       

      Key clients

      SiteOne Landscape Supply, Inc. (NYSE: SITE)

      EVO Payments, Inc. (NASDAQ: EVOP)

      Americold Realty Trust (NYSE: COLD)

      PolarityTE, Inc. (NASDAQ: PTE)

      Raymond James & Associates, Inc.

      Oakstone Ventures, Inc.

      Lightning eMotors, Inc.

      QOMPLX, Inc.

      Sharecare, Inc. (NASDAQ: SHCR)

      BOA Acquisition Corp.

      Highbridge Capital Management, LLC

      HeartFlow

      Truist

      PROG Holdings

      Cousins Properties

      ConocoPhillips

      Work highlights

      • Advised HeartFlow on its SPAC merger combination with Longview Acquisition Corp. II.
      • Advised Sharecare on its business combination with Falcon Capital Acquisition Corp, a SPAC, resulting in Sharecare becoming a publicly listed company on Nasdaq.
      • Advised Lightning eMotors on its de-SPAC business combination transaction with GigCapital3, a SPAC.

      Kirkland & Ellis LLP

      Kirkland & Ellis LLP‘s thriving capital markets practice is fuelled to a large extent by its leading private equity client base and their portfolio companies. It has also achieved further prominence in SPAC-related equity offerings and transactions linked to capital constraints resulting from the Covid-19 crisis; this included a mix of debt and equity issuances by Norwegian Cruise Line Holdings. Chicago partner Robert Hayward frequently advises private equity portfolio companies on their IPOs and equity offerings. New York’s Joshua Korff is perhaps best known for high-yield debt, but is also active in equity offerings and SPAC transactions. New York partner Sophia Hudson and Los Angeles partner Philippa Bond are also key names.

      Other key lawyers:

      Joshua Korff; Christian Nagler; Sophia Hudson; Robert Hayward; Philippa Bond

      Key clients

      Agiliti, Inc.

      Ares Capital Corporation

      Array Technologies, Inc.

      Blue Owl Capital, Inc.

      The Boeing Company

      Carvana Co.

      Datto Holding Corp.

      Integral Ad Science

      Jamf Holding Corp.

      KORE Wireless Group, Inc.

      loanDepot, Inc.

      Norwegian Cruise Line Holdings Ltd.

      Option Care Health

      Rocket Software Inc.

      Shoals Technologies Group, Inc.

      Starwood Capital Group

      TPG Capital and Goldman Sachs & Co.

      Vine Energy Inc.

      Work highlights

        Latham & Watkins LLP

        Latham & Watkins LLP could easily be regarded as the dominant firm in equity offerings given that its market share for  issuer and underwriter engagements routinely puts it amongst the top three firms in both categories. The firm has consistently positioned itself at the forefront of the capital markets field thanks to its effort to target buoyant sectors such as life sciences, tech, and the SPAC segment. It has also landed a series of engagements from foreign issuers seeking US offerings. Showcasing its ability to win the biggest deals in the market, the firm represented Airbnb on its headline $3.83bn IPO on Nasdaq. Global head of capital markets Ian Schuman  has an outstanding record in both equity and debt, as does New York managing partner Marc Jaffe. Gregory Rodgers  continues to be a leading figure in direct listings and Silicon Valley’s Richard Kline is at the forefront of tech sector offerings. Nathan Ajiashvili is widely acclaimed for his expertise in the life sciences segment.

        Practice head(s):

        Ian Schuman; Jenna Cooper; Keith Halverstam; Jeffrey Lawlis

        Other key lawyers:

        Richard Kline; Brian Cuneo; Rachel Sheridan; Sarah Axtell; Alison Haggerty; Marc Jaffe; Michael Benjamin; Benjamin Cohen

        Work highlights

          Mayer Brown

          Mayer Brown has significantly expanded its capital markets team in recent years, most recently with the hire of David Freed, a specialist in equity and debt offerings by REITs, from Vinson & Elkins LLP. Additionally, the firm brought in Jonathan Pacheco as a partner in Washington DC from Simpson Thacher & Bartlett LLP and promoted John Ablan to the partnership. Launching a new Salt Lake City office in 2022, the firm has added further capital markets expertise in the tech, life sciences, and fintech and insurtech sectors. In 2021, the firm advised on a series of private placements, including deals that led to the issuer achieving unicorn status. In addition, the New York team, especially partner David Bakst, have worked intensively on a series of US offerings by Brazilian issuers; it has a strong association with Brazil firm Tauil & Chequer Advogados. Israel is another key market for the US team. Anna Pinedo, Chicago partner Edward Best and Phyllis Korff are senior members of the department.

          Practice head(s):

          Edward Best; Anna Pinedo

          Other key lawyers:

          David Freed; Jonathan Pacheco; John Ablan; David Bakst; Phyllis Korff; Brian Hirshberg

          Testimonials

          ‘Other than best professional capabilities, Anna Pinedo and her team have great people skills. It is very pleasant to work with them. In addition, their availability and responsiveness are everything a client can ask for.’

          ‘Anna Pinedo and Brian Hirshberg who assisted her stood out as extremely professional, pleasant, and available individuals; both are deal-makers that any client would want on their side.’

          ‘As the CFO of S&P 500 public companies in the insurance industry, I have been privileged to work with the best and brightest firms in capital markets. Mayer Brown is at the pinnacle of the practice.’

          ‘The key is always the people. They are first rate in their command and practice of the law. But the differentiator is that they approach challenges and offer advice and guidance as business people, in addition to our counsel. They are on top of the latest structures, approaches and strategies. They know virtually all of the main players and understand the psychology of the deal as well as its facts and circumstances. They have deep domain expertise and experience. They understand the urgency of matters and put the resources to work to give us a competitive advantage.’

          ‘Mayer Brown’s extensive experience in capital markets transactions, including equity capital markets transactions, lends itself well to providing excellent advice and assistance to financial institutions in navigating securities and corporate law issues, as well as regulatory and compliance matters, relating to these transactions.’

          ‘Anna Pinedo, in particular, has the experience and demeanor necessary to be a stand-out legal advisor to large, global financial institutions.’

           

          Key clients

          Adaptimmune Therapeutics plc

          American Finance Trust (Designated Underwriters’ Counsel)

          BMO Capital Markets

          BofA Securities, Inc.

          Capital One Financial Corporation (Designated Underwriters’ Counsel)

          Citigroup Global Markets

          Discover Financial Services (Designated Underwriters’ Counsel)

          Dynex Capital

          J.P. Morgan Securities

          Lavvi Empreendimentos Imobiliarios S.A.

          Lument Finance Trust

          Mereo BioPharma Group

          Morgan Stanley

          Outbrain Inc.

          Pagaya Technologies Ltd.

          Piper Sandler & Co.

          Protalix BioTherapeutics, Inc.

          TC Energy Corporation

          US Bancorp

          Wells Fargo Securities

          Work highlights

            Milbank

            Milbank has historically been known primarily for its debt offerings expertise, but it has upped its emphasis on equity issuances and has made significant progress in its forte areas, notably the energy, infrastructure and project sectors along with the gaming and aerospace industries. The firm has also made an impression in the SPAC segment. It has an excellent record in US offerings by foreign issuers and frequently advises portfolio companies of private equity houses. Marcelo Mottesi is chair of the global capital markets group and co-chair of the Latin America team, often representing issuers and underwriters in headline deals originating from Latin America. Rod Miller leads the US securities group and has advised on a series of headline IPOs and other equity offerings over the years; he recently advised the underwriters on the $498m IPO by Atotech. Brett Nadritch and Paul Denaro are also key names, and Antonio Diaz-Albertini joined the team from Schulte Roth & Zabel LLP in March 2021.

            Practice head(s):

            Marcelo Mottesi; Rod Miller

            Other key lawyers:

            Paul Denaro; Brett Nadritch; Antonio Diaz-Albertini

            Key clients

            Citigroup

            Credit Suisse

            Goldman Sachs

            Hudson Executive Corp.

            PSP Investments

            Tiga Acquisition Corp.

            Turning Point Brands

            Work highlights

              Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

              Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.'s capital markets team is primarily located in Boston, where the lion's share of its clients come from the life sciences industry. The firm has an excellent record in representing both issuers and underwriters. Along with a steady diet of IPO and follow-on equity offering engagements, the firm has also landed a number of SPAC transactions. Jonathan Kravetz is chair of the securities and capital markets group, along with serving as co-chair of the life sciences team. Megan Gates and William Hicks are co-chairs of the capital markets department, and Andrew Thorpe is a key figure in San Francisco. All named individuals are based in Boston unless stated otherwise.

              Practice head(s):

              Jonathan Kravetz; Megan Gates; William Hicks; Michael Fantozzi

              Other key lawyers:

              Andrew Thorpe

              Key clients

              QIAGEN N.V.

              Albireo Pharma, Inc.

              NexImmune, Inc.

              Quanterix Corporation

              Intra-Cellular Therapies, Inc.

              Myriad Genetics, Inc.

              Pieris Pharmaceuticals, Inc.

              G1 Therapeutics, Inc.

              NuCana plc

              Molecular Templates

              DermTech, Inc.

              Evofem Biosciences, Inc.

              Dare Biosciences

              Fulgent Genetics, Inc.

              Exagen, Inc.

              Inhibrx, Inc.

              Work highlights

              • Represented Sera Prognostics in its $80m IPO.
              • Represented NexImmune in its $126m IPO.
              • Represented Hydrofarm Holdings Group in its $199m IPO.

              Morgan, Lewis & Bockius LLP

              Morgan, Lewis & Bockius LLP has made a further impression in SPAC transactions and ESG matters. It also continues to benefit from the presence of a number of former SEC officials within the firm. Utilities and energy, financial services, technology, and life sciences are key sectors for the capital markets team. It worked on a high volume of offerings by electric and gas utility companies in 2021, along with a strong pipeline of issuances by life sciences clients. It has a large non-US client base and remains active in registered equity offerings, follow-on offerings (including at-the-market offerings), private placements and equity-linked securities. Philadelphia partner Justin Chairman  leads the capital markets team and has a fine record in REITs, life sciences and tech offerings. Pittsburgh partner and former SEC official Celia Soehner is another rated individual, including in the ESG space, and Philadelphia's Joanne Soslow  is a key figure for life sciences and financial services transactions. New York's Thomas Giblin is key for energy and utilities offerings.

              Practice head(s):

              Justin Chairman; Celia Soehner; Edwin Luk

              Other key lawyers:

              Joanne Soslow; Thomas Giblin

              Key clients

              23andMe Inc

              Agile Therapeutics Inc

              Ameren Corp

              Axon Enterprise, Inc

              B. Riley Securities, Inc

              CS Disco

              Designer Brands Inc

              Elicio Therapeutics

              Greenlight Capital Inc

              Leap Therapeutics

              Livent Corp

              Morgan Stanley

              Onconova Therapeutics Inc

              OptimizeRx

              RCM Technologies, Inc

              Smart Wires Inc

              uniQure NV

              Work highlights

                Morrison Foerster

                Morrison Foerster has made an impression in REIT and SPAC IPOs along with other equity offerings. It has an impressive list of issuer and underwriter clients. The firm is also noted for its experience in energy, cleantech, life sciences, financial services, healthcare and technology.  Much of the team is based in Washington DC where Dave Lynn and Scott Lesmes head the capital markets department, and David Slotkin  and Justin Salon  provide further capital markets expertise, including in the REITs segment.

                Practice head(s):

                Dave Lynn; Scott Lesmes

                Other key lawyers:

                David Slotkin; Justin Salon

                Key clients

                Alexandria Real Estate Equities, Inc.

                Armada Hoffler Properties, Inc.

                Aspire Capital Partners, LLC

                Aventine Property Group, Inc.

                Bank of America Merrill Lynch

                Barclays Capital Inc.

                Boyd Gaming Corporation

                Citibank

                Deutsche Bank Securities Inc.

                Equity Residential

                Ekso Bionics Holdings

                Hines Global Income Trust, Inc.

                Krystal Biotech, Inc.

                McKesson Corporation

                Novartis Capital Corporation

                ON Semiconductor Corp.

                Piper Sandler & Co.

                Pivotal Investment Corporation II

                RE/MAX

                RH

                Shell International Finance B.V.

                Southwest Gas Corporation

                The Andrew W. Mellon Foundation

                The Chemours Company

                UDR, Inc.

                Veeco Instruments Inc.

                Vonage Holdings Corp.

                Work highlights

                • Advised Hines Global in connection with its third public offering of up to $2.5bn of common stock.
                • Advised Alexandria Real Estate Equities, Inc. in several public offerings of common stock with an aggregate value of over $4.4bn.
                • Advised BCI IV on its third public offering of up to $5bn of common stock.

                Orrick, Herrington & Sutcliffe LLP

                Orrick, Herrington & Sutcliffe LLP continued to build out its team in 2021 with the hire of Mark Mushkin as a partner from Cravath, Swaine & Moore LLP, and partners Marsha Mogilevich from Kirkland & Ellis LLP and Alice Hsu from Akin Gump Strauss Hauer & Feld LLP. They all reinforced the New York office and join a wider team with particular strength in San Francisco, Silicon Valley and Boston. Allied with the firm’s strengths, the team is especially active in tech, life sciences and green energy. It has also achieved further prominence in SPAC-related offerings, including de-SPAC transactions and subsequent fund raisings; Hsu provides additional expertise in this field. Bill Hughes leads the team from San Francisco/Silicon Valley where Niki Fang is another key team member, while Albert Vanderlaan is a notable name in Boston.

                Practice head(s):

                Bill Hughes

                Other key lawyers:

                Mark Mushkin; Marsha Mogilevich; Alice Hsu; Niki Fang; Albert Vanderlaan

                Testimonials

                Incredibly thoughtful, pragmatic advise provided by teams of people who are a delight to work with.

                Albert Vanderlaan — a wonderful addition to the team. Always there (we forget he is three time zones ahead of us), always thinking around the corner, and has the trust of our entire team for his market knowledge, targeted advice and all-around good nature. I don’t always smile or appreciate talking to our outside counsel. Orrick is the exception – we look forward to talking with them to help problem solve and accomplish our goals.

                Work highlights

                • Advised fintech company, Dave, on its definitive $4bn agreement to become publicly traded via a business combination with VPC Impact Acquisition Holdings III, Inc.
                • Advised Weave Communications on its $120m IPO.
                • Advised on Asana’s $5.5bn direct listing on the NYSE.

                Paul Hastings LLP

                Paul Hastings LLP‘s expansion of its capital markets team over recent years and its focus on active sectors such as fintech, life sciences, real estate and consumer sectors has paid real dividends. The firm has achieved strong activity levels in equity offerings, acting for both issuers and underwriters; it represents all the bulge-bracket investment banks. This includes follow-on offerings and ATM transactions, and a large market share of SPAC deals including the $220m IPO by Sandbridge X2 Corp and the $414m upsized IPO by Senior Connect Acquisition Corp, along with a series of headline de-SPAC transactions. It continues to be a major force in global offerings, notably deals originating in Mexico and the wider Latin America region. Frank Lopez is co-head of the capital markets group and firm-wide managing partner. Brandon Bortner joined the team from Latham & Watkins LLP in 2021. Named individuals are based in New York unless stated otherwise. Teri O’Brien left the firm in March 2022.

                Practice head(s):

                Frank Lopez

                Other key lawyers:

                Brandon Bortner: Michael Fitzgerald; Yariv Katz; Jeff Hartlin; Samantha Elredge: Jonathan Ko

                Testimonials

                ‘Deep experience, always available and most importantly creative in finding practical solutions to difficult novel legal issues.’

                ‘Ability to handle complex work quickly and efficiently. Very customer focused and puts client’s business perspective in appropriate context. Direct, precise and responsive answers to difficult questions – strong direction with no waffling. Strong client service and responsiveness, including nights/weekends. Deep teams with clear subject matter expertise.’

                ‘Brandon Bortner – Responsive, decisive, creative, and practical. Real world advice, grounded in a thorough understanding of complex issues of the law, but appropriate in the context of the client’s desired business outcomes.’

                ‘Highly experienced team able to tackle complex issues Excellent project management skills, outshine their opposing counsel on every transaction. Incredibly responsive all times of day.’

                ‘Brandon Bortner – drove an IPO process as underwriter’s counsel when issuer’s counsel should have been taking the lead but was absent or behind for much of the transaction – advised on disclosure around complex capital structure of the issuer – without Brandon we would never have moved the deal forward.’

                ‘Ethical, timely and very helpful.’

                 

                Key clients

                Acorns Grow Incorporated

                Activision Blizzard, Inc.

                Alpha Teknova, Inc.

                Aterian, Inc. (f/k/a Mohawk Group Holdings, Inc.)

                AvidXchange Holdings, Inc.

                Barclays

                BMO Capital Markets

                BofA Securities, Inc.

                CareDx, Inc.

                Citigroup Global Markets Inc.

                Credit Suisse Securities

                Goldman, Sachs & Co.

                J.P. Morgan Securities LLC

                Jefferies

                Kratos Defense & Security Solutions, Inc.

                Mitek Systems, Inc.

                Morgan Stanley

                RBC Capital Markets

                Romeo Power, Inc.

                The Greenbrier Companies Inc.

                Wells Fargo Securities

                Work highlights

                • Advised the underwriters on equity capital markets offerings by Sun Communities and/or its operating partnership, Sun Communities Operating Limited Partnership, including a $1.13bn public offering of common stock.
                • Advised the initial purchasers for Beyond Meat’s upsized $1bn convertible senior notes offering.
                • Advised Citigroup as the lead underwriter in connection with a number of IPOs, Nasdaq Listings and SPACs relating to the healthcare, fintech and consumer goods markets.

                Paul, Weiss, Rifkind, Wharton & Garrison LLP

                Paul, Weiss, Rifkind, Wharton & Garrison LLP has a broad-based practice driven by range of public companies and private equity clients such as Apollo Global Management. In 2021, the firm continued to advise clients on equity offerings to overcome liquidity constraints caused by the Covid-19 crisis. Moreover, it advised a long-listed of private equity portfolio companies on the their IPOs and advised on in excess of 20 SPAC IPOs during the year. Gregory Ezring is global head of finance and capital markets, and frequently represents public companies and private equity portfolio companies on their equity offerings. John Kennedy is co-head of the capital markets group and has continued to work on a series of headline IPOs and other equity offerings to alleviate capital constraints. Brian Janson and Tracey Zaccone are also highly rated; the former advised Clear Secure, the biometric screening company, on its $470m IPO.

                Practice head(s):

                Gregory Ezring; John Kennedy; Brian Janson; Tracey Zaccone; David Huntington; Raphael Russo

                Testimonials

                ‘Very solid team on the issuer side.’

                ‘Brian Janson – commercial and reasonable. John Kennedy – very smart. David Huntington – commercial.’

                 

                Key clients

                ADT, Inc.

                Apollo Global Management, Inc.

                Carnival Corporation & plc

                Clear Secure, Inc.

                General Electric Company

                Honeywell International, Inc.

                IBM

                The Kraft Heinz Company

                Rackspace Technology, Inc.

                Roark Capital Group

                Rocket Companies, Inc.

                Sun Country Airlines Holdings, Inc.

                Work highlights

                  Ropes & Gray LLP

                  Ropes & Gray LLP remains at the forefront of life sciences, healthcare and financial services sector offerings. It has maintained a sizeable share of the SPAC IPO market, and continues to be recognised for its connections to investment banks and private equity firms; it has an especially strong standing in underwriter engagements. Paul Tropp has a fine reputation in representing underwriters in big-ticket equity offerings and in SPAC issuances. Rachel Phillips and Boston partner Craig Marcus  are also key figures. Christopher Capuzzi is an emerging talent. Named individuals are based in New York unless stated otherwise.

                  Practice head(s):

                  Patrick O’Brien; Craig Marcus; Paul Tropp

                  Other key lawyers:

                  Rachel Phillips; Zachary Blume; Christopher Capuzzi; Faiza Rahman

                  Testimonials

                  ‘Exceptional people with broad and deep knowledge. Very easy to engage and a pleasure to work with. Their experience and knowledge base is exceptional’

                  ‘Zach Blume is extraordinary and a pleasure to work with. His knowledge and capabilities are exceptional but his “bed side manner” is great. He is a true partner to my work’

                  ‘The Ropes team go out of their way to be responsive. They double and triple team, so that I can almost always find the advice I need on a timely basis.’

                  ‘They don’t show ego. They just get the job done. They respect my team and they respect one another.’

                   

                  Key clients

                  BofA Securities

                  Beam Therapeutics

                  Osmotica Pharmaceutical and Avista Capital Partners

                  Morgan Stanley & Co Incorporated

                  TPG Capital LP

                  TSG Consumer Partners

                  LifeStance Health Inc

                  Sigilon Therapeutics Inc

                  CCMP Capital Advisors LP

                  PQ Holdings Inc

                  Cantor Fitzgerald

                  Bain Capital

                  Acceleron Pharma Inc

                  KKR Acquisition Holdings I Corp.

                  Work highlights

                  • Represented KKR Acquisition Holdings I Corp, a SPAC, in its $1.3bn IPO.
                  • Represented Olaplex Holdings, a hair care product company, in its $1.7bn IPO.
                  • Advised LifeStance Health Group, one of the nation’s largest providers of outpatient mental health care, on its $720m IPO.

                  Shearman & Sterling LLP

                  Shearman & Sterling LLP continues to be amongst the leading firms in underwriter representations, particularly healthcare and SPAC equity offerings. The firm maintains an active presence on the issuer side and is noted for its strength in SEC reporting, disclosure and corporate governance. Ilir Mujalovic leads the capital markets team and is particularly known for his expertise and experience in the healthcare sector, and has made a further impression in SPAC offerings; he recently advised the underwriters of on Lucira Health’s $176m IPO. Lona Nallengara is further noted for issuer-side representations in equity offerings, SEC reporting, disclosure and governance, having previously held senior positions at the SEC. Menlo Park partner Christopher Forrester  is a key figure on the West coast. All named individuals are based in New York unless stated otherwise. Merritt Johnson  has joined Weil, Gotshal & Manges LLP.

                  Practice head(s):

                  Ilir Mujalovic

                  Other key lawyers:

                  Lona Nallengara; Christopher Forrester; Richard Alsop; Bill Nelson

                  Key clients

                  Albemarle Corporation

                  BofA Securities

                  Citigroup

                  Cowen & Co.

                  Credit Suisse Securities (USA) LLC

                  Goldman Sachs & Co.

                  J.P. Morgan Securities LLC

                  Morgan Stanley & Co. LLC

                  Intapp, Inc.

                  SAP SE

                  TELUS International

                  ViacomCBS Inc.

                  Work highlights

                  • Advised TELUS International in connection with its $925m cross-border IPO.
                  • Advised Qualtrics International on its carve out of Qualtrics from SAP, along with Qualtrics’ IPO and its acquisition of Clarabridge, Inc.
                  • Advised Intapp in connection with its $314m IPO.

                  Simpson Thacher & Bartlett LLP

                  Simpson Thacher & Bartlett LLP has a well-rounded and high-end equity offerings practice, driven by a balanced mix of investment bank, private equity sponsor and general corporate clients. The firm has gained further traction in SPAC IPOs and de-SPAC transactions. With its history in private equity, the firm has really benefitted from the trend of private equity sponsors taking their portfolio companies public. The firm has made further progress in representing tech companies and unicorns, thanks in part to the success of its Palo Alto office and the activities of its esteemed private equity clients such as Silver Lake Partners and Blackstone. A team led by leading equity capital markets specialist Joshua Ford Bonnie  advised Blackstone portfolio company Bumble on its headline $2.5bn IPO. Kenneth Wallach also has an excellent record in novel transactions, including for regular client Silver Lake Partners. Joseph Kaufman and Roxane Reardon are highly rated, along with Ryan Bekkerus. William Brentani and Kevin Kennedy are key names in Palo Alto. All named individuals are based in New York unless stated otherwise.

                  Practice head(s):

                  Joshua Ford Bonnie; Roxane Reardon; Kenneth Wallach

                  Other key lawyers:

                  Ryan Bekkerus; William Brentani; Kevin Kennedy; Joseph Kaufman

                  Key clients

                  10x Genomics

                  Academy Sports & Outdoors

                  Airbnb, Inc.

                  Alibaba Group Holding Limited

                  American Electric Power Company, Inc.

                  Avantor, Inc.

                  Bentley Systems, Incorporated

                  The Blackstone Group

                  Blackstone Mortgage Trust, Inc.

                  BMO Capital Markets Corp.

                  BofA Securities

                  BrightView Holdings, Inc.

                  Bumble Inc.

                  CBRE

                  Certara

                  Change Healthcare

                  Citigroup

                  Credit Suisse Securities (USA) LLC

                  Dropbox, Inc.

                  EQT Corporation

                  Essential Utilities Inc.

                  First Advantage Corporation

                  First Data Corporation (n/k/a Fiserv)

                  Gardner Denver Holdings, Inc. (n/k/a Ingersoll-Rand)

                  Gates Industrial Corporation plc

                  GFL Environmental

                  Goldman, Sachs & Co.

                  Grocery Outlet Holding Corp.

                  Invitation Homes

                  Jefferies

                  J.P. Morgan Securities

                  KKR Real Estate Finance Trust Inc.

                  Morgan Stanley & Co.

                  PPD, Inc.

                  RBC Capital Markets

                  RBS

                  Silver Lake

                  Velocity Financial

                  Wells Fargo Securities

                  ZoomInfo Technologies

                  Work highlights

                  • Advised the issuers or underwriters in multiple SPAC IPOs, including the underwriters in Compass Digital Acquisition Corp’s IPO.
                  • Advised Bumble on its IPO, one of the largest technology IPOs of 2021, and its subsequent secondary offering.
                  • Advised the financial advisors in the direct listing by Roblox, the largest direct listing in history.

                  Skadden, Arps, Slate, Meagher & Flom LLP

                  Skadden, Arps, Slate, Meagher & Flom LLP stands out for its capital markets expertise on both East and West coasts. It consistently ranks amongst the top firms for issuer and underwriter engagements in league tables for equity offerings by deal count and value. It has also been at the forefront of the SPAC wave and has further impressed in growth areas such as direct listings; it represented Squarespace, the website-building and e-commerce company, in its $2bn direct listing on the New York Stock Exchange. Michael Zeidel heads the Americas capital markets practice and David Goldschmidt leads the global group, while Ryan Dzierniejko is another prolific adviser on equity offerings, including those involving Canadian issuers. Yossi Vebman  is further noted for US equity offerings by Israeli issuers. Laura Kaufmann Belkhayat is another key name, as is Gregg Noel in Palo Alto. All named individuals are based in New York unless stated otherwise..

                  Practice head(s):

                  Michael Zeidel; David Goldschmidt

                  Other key lawyers:

                  Ryan Dzierniejko; Gregory Fernicola; Gregg Noel; Laura Kaufmann Belkhayat; Yossi Vebman

                  Work highlights

                    Vinson & Elkins LLP

                    Vinson & Elkins LLP is best known for its work in the energy and infrastructure sectors, routinely advising on a high-volume of IPOs and other equity offerings, including high-value deals. The firm has also made an impression in REITs and is at the forefront of SPAC IPOs and deSPAC transactions. The firm’s burgeoning list of private equity clients has added to its deal flow. The firm primarily represents issuers, though has a solid pipeline of engagements from underwriters. Alan Beck  and David Oelman  are rated for energy sector IPOs and equity offerings. Ramey Layne is a prominent figure in SPAC IPOs and Brenda Lenahan is a key name in New York.

                    Practice head(s):

                    Sarah Morgan; Matt Strock

                    Other key lawyers:

                    Alan Beck; David Oelman; Ramey Layne; Brenda Lenahan

                    Testimonials

                    ‘VE has unique insight into our industry, and are able to provide legal advice that addresses our unique issues from a legal and business perspective.’

                    ‘They have great insight into the market and the disclosure that others in the industry are providing to their investors.’

                     

                    Key clients

                    Antero Midstream Corporation / Antero Resources Corporation

                    Alpine Income Property Trust, Inc.

                    Bank of America Corporation / Bank of America Securities LLC / BofA Securities, Inc. / Merrill Lynch & Co.

                    Barclays Capital Inc.

                    Citigroup Global Markets, Inc.

                    Decarbonization Plus Acquisition Corporation, Decarbonization Plus Acquisition Corp. II, III and IV

                    Desert Peak Minerals Inc.

                    Deutsche Bank Securities, Inc.

                    Enviva Partners, LP

                    First Reserve XIV Advisors, L.L.C.

                    Focus Financial Partners, Inc.

                    Goldman Sachs & Company / Goldman Sachs International

                    J.P. Morgan Securities LLC

                    Kadem Sustainable Impact Corp.

                    Live Oak Mobility Acquisition Corp, Live Oak Crestview Climate Acquisition Corp.

                    Lexicon Pharmaceuticals

                    Morgan Stanley / Morgan Stanley & Co. LLC / Morgan Stanley Capital Group, Inc.

                    New Fortress Energy Inc.

                    Oasis Petroleum Inc. and Oasis Midstream LP

                    OneWater Marine Inc.

                    Orchid Island Capital, Inc.

                    Queen’s Gambit Growth Capital

                    RBC Capital Markets, LLC

                    Reata Pharmaceuticals, Inc.

                    Southwest Airlines Co.

                    Stronghold Digital Mining, Inc.

                    Tortoise Acquisition Corp., Tortoise Acquisition Corp. II, and TortoiseEcofin Acquisition Corp. III

                    Wells Fargo Securities, LLC

                    Work highlights

                    • Advised Stronghold Digital Mining on its $133m IPO.
                    • Advised Tortoise Acquisition Corp on its $233m IPO and subsequent $1bn business combination with Hyliion Inc.
                    • Advised Citigroup Global Markets, Inc. as underwriters’ counsel in connection with Vine Energy’s IPO.

                    Weil, Gotshal & Manges LLP

                    Weil, Gotshal & Manges LLP has maintained an impressive flow of big-ticket equity offering engagements. It has achieved further prominence in SPAC IPOs and de-SPAC transactions, representing a number of major sponsors such as Foley Trasimene Acquisition Corp, Fortress Value Acquisition Corp, The Gores Group and TPG Pace. Although traditionally more active on the issuer-side, the capital markets team has become considerably closer to financial institutions in recent years, thanks in part to the presence of Michael Hickey and recent hire Merritt Johnson . Alexander Lynch  leads the capital markets team and is a big name in equity offerings, including in the SPAC field. Heather Emmel is also prominent in SPAC offerings and Corey Chivers  is another senior practitioner across the debt and equity segments.

                    Practice head(s):

                    Alexander Lynch

                    Other key lawyers:

                    Michael Hickey; Merritt Johnson; Heather Emmel; Corey Chivers

                    Testimonials

                    ‘Merritt Johnson is an incredible resource (both when I was a banker and now on the buyside). He has an encyclopaedic understanding of securities law, is friendly and commercial and goes above and beyond to get to the right solution.’

                    ‘Effective, practical advise and fantastic turn-around!’

                    ‘Excellent client coverage from a deep bench of counsels’

                    ‘Great knowledge, client coverage, availability to provide advice across a wide variety of different situations with expertly researched and nuanced advice.’

                     

                    Key clients

                    Allego Holding B.V.

                    AMC Entertainment Holdings, Inc.

                    AltC Acquisition Corp.

                    ATI Physical Therapy Holdings, LLC

                    Austerlitz Acquisition Corporation

                    Avista Public Acquisition Corp.

                    ChargePoint, Inc.

                    Churchill Capital

                    Credit Suisse

                    Deep Lake Capital Acquisition Corp.

                    Definitive Healthcare Corp.

                    First Light Acquisition Group, Inc.

                    First Watch Restaurants, Inc.

                    Foley Trasimene Acquisition Corp.

                    Fortress Value Acquisition Corp./Fortress Capital Acquisition Corp.

                    Goldman Sachs

                    The Gores Group

                    Jack Creek Investment Corp.

                    Marquee Raine Acquisition Corp.

                    Morgan Stanley

                    MSP Recovery, LLC

                    Portillo’s, Inc.

                    Software Luxembourg Holding S.A. (Skillsoft)

                    Sovos Brands

                    TPG Pace

                    Work highlights

                    • Advised The Gores Group on seven SPAC IPOs and six de-SPAC transactions.
                    • Advised Morgan Stanley, J.P. Morgan and Credit Suisse, as representatives of the underwriters, on the $1.6bn IPO of Oatly Group AB.
                    • Advised Definitive Healthcare Corp (a portfolio company of Advent International), on its $483m IPO.

                    White & Case LLP

                    White & Case LLP has made a further impression in SPACs, thanks to presence of Joel Rubinstein and a team, which joined the firm in 2020; amongst a multitude of high-profile transactions, the firm advised Soaring Eagle Acquisition Corp on its $1.72bn IPO and its subsequent $15bn business combination with Ginkgo Bioworks. Further department growth in Houston has also brought the capital markets group an increase in energy transactions. The firm is a major player in both issuer and underwriter engagements. Colin Diamond  is a leading name in equity offerings, including US offerings by overseas issuers; Stuart Bressman is a key name in offerings by life sciences, tech and energy issuers; and David Thatch  is regional section head of the Americas capital markets practice.

                    Practice head(s):

                    David Thatch

                    Other key lawyers:

                    Joel Rubinstein; Colin Diamond; Stuart Bressman

                    Testimonials

                    ‘The W&C team has deep product knowledge and provides very practical and thoughtful advice’

                    ‘Joel Rubinstein and Elliott Smith are very smart, responsive and insightful.’

                     

                    Key clients

                    AVANGRID, Inc.

                    Barclays Capital Inc.

                    BofA Securities

                    BTIG, LLC

                    Citigroup Global Markets Inc.

                    CM Life Sciences III Inc.

                    Credit Suisse Securities (USA) LLC

                    Fusion Acquisition Corp. II

                    Goldman Sachs & Co. LLC

                    Jefferies LLC

                    J.P. Morgan Securities LLC

                    Kornit Digital Ltd.

                    Landcadia Holdings IV, Inc.

                    Morgan Stanley & Co. LLC

                    Soaring Eagle Acquisition Corp.

                    Spinning Eagle Acquisition Corp.

                    Stifel, Nicolaus & Company, Incorporated

                    Varonis Systems, Inc.

                    Work highlights

                      WilmerHale

                      WilmerHale has maintained an active practice thanks in part to its strong association with life sciences, tech and financial services businesses. Life sciences remains its particular forte, particularly in its Boston office, along with additional expertise in New York. Key Boston partners include the highly-rated Cynthia Mazareas, Jason Kropp, David Westenberg and Stuart Falber, along with Brian Johnson and Glenn Pollner in New York.

                      Practice head(s):

                      Brian Johnson; Erika Robinson; Justin Ochs

                      Other key lawyers:

                      Cynthia Mazareas; Jason Kropp; David Westenberg; Stuart Falber; Glenn Pollner

                      Testimonials

                      ‘They combine not only complete technical understanding of and support for equity offerings but also a deep understanding of the biotech sector and helpful examples and knowledge from their past experiences.’

                      ‘The team we work with is not only highly capable but also a pleasure to work with. They offer timely advice, with a really practical bent, and keep their sense of humor as well.’

                      ‘The level of engagement, work ethic, availability and genuine caring about our business and our success is beyond any other I’ve experienced. In particular, Cynthia Mazareus is truly exceptional. I’ve completed two successful IPOs with Cynthia and wouldn’t do one without her going forward. She staffs excellent teams and ensures the highest level of service.’

                      ‘Cynthia Mazareus is one of the highest quality people I’ve worked with in the industry. In fact, she is the reason I’m taking the time to answer this survey at such a busy time of the year. Cynthia takes the business of her clients incredibly seriously. She manages to somehow stay on top of all of the details and carefully thinks through options, decisions and recommendations. She cares as much as the management team of the companies she works with. She has a way of making you feel like you are her only client. Her work ethic, perspective and judgement is exceptional. I won’t do another IPO without her.’

                       

                      Key clients

                      Altimeter Growth Corp

                      Verve Therapeutics

                      Cue Health

                      Xilio Therapeutics

                      Decibel Therapeutics

                      Werewolf Therapeutics

                      Ameresco, Inc

                      Generation Bio

                      Curis, Inc.

                      Syros Pharmaceuticals

                      Infinity Pharmaceuticals

                      Blue Apron Holdings

                      Work highlights

                      • Represented Altimeter Growth Corp, a SPAC, in its $40bn business combination with Grab Holdings Inc.
                      • Represented Cue Health, a health technology company, in its $200m IPO.
                      • Represented Verve Therapeutics, a biotech pioneer, in its $306m IPO.

                      Winston & Strawn LLP

                      Winston & Strawn LLP has remained wedded to the SPAC segment with a further stream of IPOs and other SPAC transactions, including de-SPAC deals, in 2021; it represented Fast Acquisition Corp on its business combination with Ferttita Entertainment. The SPAC practice now pervades multiple offices, including Chicago, New York and Houston, and covers multiple industry sectors. Chicago partner Carol Anne Huff and New York’s David Sakowitz  lead the capital markets team, with Houston managing partner Mike Blankenship also having a key role in major transactions. Former department head Christina Roupas and partner Courtney Tygesson left in 2021 to launch Cooley LLP ‘s new Chicago office.

                      Practice head(s):

                      Carol Anne Huff; David Sakowitz

                      Other key lawyers:

                      Mike Blankenship

                      Testimonials

                      ‘Very careful readers and thinkers, very hard workers that never hold up the deal.’

                      ‘David Sakowitz – very well informed and responsive.’

                      ‘High quality of work, very professional, quick turnaround, unmatched accessibility even at the senior partner level. Highly recommended.’

                      ‘Michael Blankenship is the partner I interacted with most of the time. Michael is very knowledgeable, turns around quickly and is always accessible even during the weekend.’

                       

                      Key clients

                      Holicity Inc.

                      Broadstone Acquisition Corp.

                      Seven Oaks Acquisition Corp.

                      Alkuri Global Acquisition Corp.

                      Benson Hill, Inc.

                      Vistas Media Acquisition Company Inc.

                      FAST Acquisition Corp.

                      Skillz Inc.

                      Netfin Acquisition Corp.

                      Forum Merger II Corp.

                      Diamond Eagle Acquisition Corp.

                      Landcadia Holdings, Inc.

                      Industrea Acquisition Corp.

                      GTY Technology Holdings Inc.

                      Platinum Eagle Acquisition Corp.

                      New Frontier Corp.

                      Boxwood Merger Corp.

                      B. Riley Principal Merger Corp.

                      Diamond Eagle Acquisition Corp.

                      Work highlights

                      • Represented the joint placement agents in connection with the PIPE offering of Northern Genesis Acquisition Corp II, a SPAC, in its definitive business combination with Embark Truck.
                      • Represented FAST Acquisition Corp, a SPAC, in its announced business combination with Fertitta Entertainment, the parent company of Golden Nugget/Landry’s.
                      • Represented Holicity Inc, a SPAC, in its business combination agreement that resulted in Astra becoming a publicly-traded company.