Davis Polk Advises One Madison Corporation on Its Initial Public Offering
Davis Polk advised One Madison Corporation on its $300 million initial public offering of 30,000,000 units. In addition, One Madison Corporation has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units. Each unit consists of one Class A ordinary share and one-half of one warrant to purchase one Class A ordinary share of One Madison Corporation. The units, the shares and the warrants are listed on the New York Stock Exchange.
One Madison Corporation is a consumer sector-focused special purpose acquisition company sponsored by One Madison Group LLC. One Madison Corporation was formed as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
The Davis Polk corporate team included partners Deanna L. Kirkpatrick and John B. Meade and associates Milson C. Yu, Carrie Guo and Mahfouz Basith. The tax team included partner David H. Schnabel and associate Catherine L. Chu. The executive compensation team included partner Veronica M. Wissel, counsel Ann Becchina and associate Joshua S. Sills. All members of the Davis Polk team are based in the New York office.