We advised the sole bookrunner on the SPAC IPO and Nasdaq listing

Davis Polk advised the sole book-runner in connection with the initial public offering of 28,750,000 units of TZP Strategies Acquisition Corp., including 3,750,000 units purchased pursuant to the full exercise of the underwriter’s option to purchase additional units, for aggregate proceeds of $287.5 million. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant to purchase one Class A ordinary share of TZP Strategies Acquisition Corp. The units were listed on the Nasdaq Capital Market under the symbol “TZPSU.”

TZP Strategies Acquisition Corp. is a newly incorporated special purpose acquisition company (SPAC) whose business purpose is to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Although TZP Strategies Acquisition Corp. is not limited to a particular industry for purposes of consummating a business combination, it intends to focus on identifying a prospective target business within the technology services, business services and consumer products and services sectors.

The Davis Polk corporate team included partners Derek Dostal and Roshni Banker Cariello and associates S. Elizabeth Kim, Adam Greene and Ahmad Raja. The tax team included partner Po Sit and associate Ben Levenback. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post