Primavera Capital Acquisition $414 million IPO
Davis Polk advised Primavera Capital Acquisition Corporation on its $414 million initial public offering of 41,400,000 units. Each unit had an initial offering price of $10 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 New York Stock Exchange.
Primavera Capital Acquisition Corporation is a special purpose acquisition company (SPAC) incorporated for the purpose of effecting a business combination with one or more businesses, and intends to focus on global consumer companies with a significant China presence or a compelling China potential.
The Davis Polk corporate team included partners Derek Dostal, Deanna L. Kirkpatrick and Howard Zhang and associates Meaghan Kennedy and David Giron. The tax team included partner William A. Curran and associate Daniel L. Jose. Members of the Davis Polk team are based in the New York and Beijing offices.