CITIC Capital Acquisition Corp. Initial Public Offering

Davis Polk advised the sole underwriter in connection with the initial public offering of 27,600,000 units of CITIC Capital Acquisition Corp., including 3,600,000 units purchased pursuant to the exercise of the underwriter’s over-allotment option, for aggregate proceeds of $276 million. Each unit 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.

CITIC Capital Acquisition Corp. is a newly incorporated blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. CITIC Capital Acquisition Corp. intends to focus its search globally for companies in the energy efficiency, clean technology and sustainability sectors, with a focus on companies that are in Asia and beyond.

The Davis Polk corporate team included partners Deanna L. Kirkpatrick and Derek Dostal and associates Rahul K. Patel and Ryan Lewis. The tax team included partner William A. Curran and associate Rebecca A. Rosen. All members of the Davis Polk team are based in the New York office.