We advised Bilander Acquisition Corp., a SPAC sponsored by True Wind Capital, on its IPO and Nasdaq listing

Davis Polk advised Bilander Acquisition Corp. on its $150 million initial public offering of 15,000,000 units. Each unit had an initial offering price of $10 and consists of one share of Class A common stock and one-fourth of one redeemable warrant. The units, the shares and the warrants are listed on the Nasdaq Capital Market.

Bilander Acquisition Corp. is a newly incorporated special purpose acquisition company (SPAC) whose business purpose is to effect a business combination with one or more businesses. The company is sponsored by True Wind Capital, a San Francisco-based, technology-focused private equity firm managing approximately $1.4 billion. The company intends to focus on targets in the technology industry.

The Davis Polk capital markets team included partners Derek Dostal and Yan Zhang and associates Alexander Kraik, Matthew Bruno Masaro and Courtney Sohn. The tax team included partner Michael Farber and associate Bradford Sherman. Partner Adam Kaminsky and associate Charlotte R. Fabiani provided executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.