Patria Latin American Opportunity Acquisition $230 million IPO
Davis Polk advised Patria Latin American Opportunity Acquisition Corp. on its $230 million initial public offering of 23,000,000 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 Ethan R. Goldman and associate Daniel L. Jose. Associate Matthew R. Silver provided 1940 Act advice. The executive compensation team included partner Adam Kaminsky and associate Charlotte R. Fabiani. Members of the Davis Polk team are based in the São Paulo, New York and Washington DC offices.