Davis Polk advised the representatives of the underwriters in connection with the initial public offering of 40,000,000 units of AEA-Bridges Impact Corp. for aggregate proceeds of $400 million. Each unit consists of one Class A ordinary share and one-half of one warrant to purchase one Class A ordinary share of AEA-Bridges Impact Corp. The units were listed on the NYSE under the symbol “IMPX.U.”

AEA-Bridges Impact Corp., led by John Garcia and Michele Giddens of AEA Investors LP and Bridges Fund Management Ltd., respectively, is a special purpose acquisition corporation (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other business combination with one or more businesses. Although AEA-Bridges Impact Corp. is not limited to a particular industry or geographic region for purposes of consummating a business combination, it intends to focus on the energy and energy efficiency, education, circular economy, consumer, healthcare and business sectors.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Johnathan M. Nixon, Tomislava Dragicevic and Shay Moyal. The tax team included partner Mario J. Verdolini and associate Liang Zhang. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

 

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