Kirkland & Ellis suggested Yucaipa Acquisition Corporation (NYSE: YAC), a publicly-traded particular function acquisition firm led by Chairman and President Ron Burkle and CFO and COO Ira Tochner, on its enterprise combination with SIGNA Sports United, a number one world sports activities e-commerce and tech platform. The combination additionally contains the acquisition of the WiggleCRC Group, the second-largest on-line bike retailer globally, at present owned by Bridgepoint. The combination has an implied enterprise worth of roughly $3.2 billion and encompasses a totally dedicated upsized PIPE of roughly $300 million. The mixed entity will grow to be the world’s largest pure-play sports activities e-commerce and know-how platform firm. Upon completion of the transaction, which is topic to customary closing situations, the mixed firm will commerce on the NYSE under the SIGNA Sports United title. The transaction is predicted to shut within the second half of 2021.
The Kirkland group was led by company companions David Feirstein and Marshall Shaffer and affiliate Jennifer Gasser and capital markets companion Christian Nagler. The group additionally included company companion Achim Herfs and associates Sebastian Haefele, Giorgia Nagalli and Lena Yoon and capital market companion Aslam Rawoof and associates Pratik Das and Enid Qin.