LiveWire $1.77 billion merger with AEA-Bridges Impact
We advised several financial institutions on the de-SPAC transaction of the Harley-Davidson division
Davis Polk advised several financial institutions in connection with the $1.77 billion deSPAC transaction involving AEA-Bridges Impact Corp., Harley-Davidson, Inc. and LiveWire EV, LLC. Upon closing, LiveWire became a publicly listed company and its common stock became listed under the symbol “LVWR.”
LiveWire is an all-electric motorcycle company that has a dedicated focus on the EV sector and is developing the technology of the future to lead the transformation of motorcycling. As an offshoot of Harley-Davidson, LiveWire expects to benefit from Harley-Davidson’s engineering expertise, manufacturing footprint, supply chain infrastructure and global logistics capabilities. LiveWire is headquartered virtually, with initial hubs in Silicon Valley and Milwaukee.
AEA-Bridges Impact Corp. is a special purpose acquisition company (SPAC) sponsored by executives of AEA Investors and Bridges Fund Management.
The Davis Polk corporate team included partner Derek Dostal and associates Gil Savir, Livia Maas and Daiana Kostova. Partner Corey M. Goodman and associate William Liang provided tax advice. Counsel David A. Zilberberg provided environmental advice. Partner Matthew J. Bacal and associate Joshua Cameron Shirley provided intellectual property advice. All members of the Davis Polk team are based in the New York office.