Arendt & Medernach advised GP Bullhound in a EUR 200 million private placement and admission of listing on the Euronext Amsterdam of its first SPAC

Deal | SPAC | Corporate law | Tax | Capital markets | Investment management

February 2022 – GP Bullhound Acquisition I SE (the “Company”), a Luxembourg incorporated special purpose acquisition company (SPAC), has successfully raised EUR 200 million in a private placement of 20 million units, each consisting of one share with the right to receive one-half of a warrant at the end of the stabilization period, at a placement price of EUR 10.00 per unit. The Company will have 15 months (subject to two 3 month extensions if approved by a shareholder vote) from the date of the admission to trading to consummate a Business Combination.

The Company has been established for the purpose of acquiring a company in the technology sector with a focus on the software, digital media, digital commerce, fintech and digital services sub-sectors and an equity value between EUR 0.8 and EUR 2 billion with principal operations in an EEA Member State or the U.K., Switzerland or Israel.

In connection with the Listing, Deutsche Bank AG and Citigroup Global Markets Limited are acting as Joint Global Coordinators and Joint Bookrunners.

GP Bullhound Acquisition I SE has been advised on all Luxembourg legal (including corporate and capital markets aspects) as well as tax matters by a team from the international law firm Arendt & Medernach.

Arendt team involved:

• Corporate Law, Mergers & Acquisitions: Alexander Olliges (Partner), Sudaraka Kaluwadevage (Associate), Dino Serafini (Associate)
• Investment Management: Julia Szafranska (Senior Associate)
• Finance & Capital Markets: François Warken (Partner), Milos Vulevic (Senior Associate)
• Tax Law: Jan Neugebauer (Partner), Dr. Philipp Jost (Counsel), Thibaut de La Chapelle (Senior Associate)