Ropes & Gray Advises Altimeter in Nearly $40 billion Merger to Take Grab Holdings Public
Expected to be the Largest-Ever U.S. deSPAC transaction and equity offering by a Southeast Asian Company
A Ropes & Gray-led team advised Altimeter Growth Corp. (Nasdaq: “AGC”) in its plan to take Grab Holdings public in the U.S. Grab is Southeast Asia’s leading superapp. The record-breaking SPAC transaction is expected to be the largest-ever U.S. equity offering by a Southeast Asian Company. The combined company expects its securities will be traded on NASDAQ under the symbol “GRAB” in the coming months. The transaction was announced in a press release.
The team advising Altimeter is led by mergers & acquisitions partner Paul Scrivano (San Francisco) and counsel Sarah Davis (Boston) and includes tax partners Ben Rogers (San Francisco) David Saltzman (Boston) Brenda Coleman and Andrew Howard (both of London), IP transactions partner Regina Sam Penti (Boston), capital markets partner Paul Tropp (New York), data, privacy & cybersecurity partner Ed McNicholas (Washington, D.C.), litigation & enforcement partners David Hennes (New York) Ama Adams (Washington, D.C.) and Ruchit Patel (London), employment & benefits counsel Ellen Sueda (San Francisco) and litigation & enforcement counsel Deidre Johnson (Boston).
The team also includes private capital transactions associate Sam Tincher (Boston), tax associates Michael Mendelevich and Dan Zuckerman (both of Boston), mergers & acquisitions associates Ray Myer, David Acquay, Jeff Bashara, Kelley Cohen, Bryan Lowrance and Nicholas Roper (all of Boston) Debbie Wang, Ling Xu and Christopher Han (all of New York), Sam Ong (San Francisco), employment & benefits associates Phillip Popkin, Michael Stern and John Milani (all of New York), Lucas Caruso (Boston), data, privacy & cybersecurity associates Nameir Abbas (Washington, D.C.) and Jessica Grischkan (New York), litigation & enforcement associates Brandon Sisson (Boston) Emerson Siegle (Washington, D.C.) and Rupert Phillips (London), private equity senior attorney Jennifer Gorman (Boston) and associate Ethan Kim (Seoul), and trainee solicitor Abbey Shaw (London).