Crescera Capital Acquisition $201 million IPO
Davis Polk advised Crescera Capital Acquisition Corp. on its $201 million initial public offering of 20,125,000 units. Each unit had an initial offering price of $10.00 and consists of one Class A ordinary share and one-half of one redeemable warrant. The units, the shares and the warrants are listed on the Nasdaq Global Market.
The company is a newly incorporated 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 seek a business combination in Latin America.
The Davis Polk capital markets team included partners Manuel Garciadiaz and Pedro J. Bermeo and associate Hugo Casella. The tax team included partner Mario J. Verdolini and associates Rebecca A. Rosen and Ben Levenback. Counsel Sarah E. Kim provided 1940 Act advice. The executive compensation team included partner Adam Kaminsky and associate Melissa Esposito. Members of the Davis Polk team are based in the São Paulo and New York offices.